M&W expand operations
The global engineering and construction company M+W Group (formerly M+W Zander) strengthens its position in the high tech services business. The company has announced that its subsidiary, M+W Americas, Inc. purchased 100 percent of NSTAR Global Services. The purchase price was not disclosed.
NSTAR, based in Clayton, North Carolina, joins M+W US, Inc, Total Facilities Solutions, and Global Automation Partners under the holding company of M+W Americas, Inc. The company specializes in providing technically proficient contract service resources to the semiconductor and high tech industries. With employees located at client sites throughout the United States, NSTAR has grown year-over-year since its founding in 2001.
At the closing, Rick Whitney, President of M+W Americas, Inc. stated, "NSTAR provides the M+W Group with an important cornerstone to our strategy of providing full life-cycle service and support to our clients. Participation in the service segment of the business will incorporate value driven sustaining support into the factories we design and build."
In the joint press release, Randy Nelson, President of NSTAR added: "Joining the M+W Group will allow NSTAR to provide our customer base what they have been asking for - a truly global solution. M+W Group operates from a well respected global platform that will enable us to proliferate our Third Partner Service offering for the semiconductor industry. It will also provide the opportunity to expand into other high tech and regulated industry sectors. The combined core competencies of M+W Group, TFS and NSTAR will provide a full service solution for our global customers."
