US-based contractor Fluor has formed a global strategic alliance with Swedish-Swiss technology firm ABB, to offer turnkey engineering, procurement and construction (EPC) projects.
Combining ABB’s leading power and automation technology with Fluor’s experience in delivering large EPC projects, the alliance will look to win contracts for state-of- the-art electrical substation projects.
With 2015 revenue of over US$ 35 billion, ABB is a world leader in air-insulated, gas-insulated and hybrid substations, with voltage levels up to 1,200 kV.
Fluor’s 2015 revenue totalled just over US$ 18 billion, the majority of which was derived from its oil and gas projects. The company will hope the alliance with ABB can strengthen the revenue potential from its Power group.
Fluor’s chairman and CEO, David Seaton, said, "Fluor's new global strategic alliance with ABB targeting the substation market will bring unique synergies to our power clients. This approach exemplifies our focus on addressing client needs with our unique integrated solutions offering."
Ulrich Spiesshofer, CEO of ABB, said, "We are proud to partner with Fluor to tap the vast opportunities of the ongoing energy revolution and the related power infrastructure investments. Together, we will grow our businesses by complementing each other's strengths for unique customer services for large substation projects,"
The two companies are expected to formalise the partnership before the end of the year.