LEXINGTON, Mass. -- Raytheon Co. said Wednesday its United Engineers & Constructors International Inc. subsidiary has acquired three engineering businesses with 390 employees from Gibbs & Hill Inc. for an undisclosed price.
In the first transaction, United Engineers Far East Ltd. acquired Gibsin Engineers Ltd., of Taipei, Taiwan.
Gibsin Engineers is a 300-person engineering firm established in 1979 as a joint venture between New York-based Gibbs & Hill and Taiwan's Sinotech Foundation for Research and Development of Engineering Sciences and Technologies. It has annual sales $17 million.
In the second transaction, UE&C Urban Services Inc. acquired the assets of the transportation group of Gibbs & Hill, which employs 40 people and has annual sales of $6 million. It specializes in work on mass transit and light rail systems.
In the third transaction, UE&C acquired the assets of Gibbs & Hill's New York-based power business, which has 50 employees and annual sales of approximately $5 million.
'These acquisitions broaden our presence in the Far East and in the infrastructure services market, as well as add to our established strength in power plant projects,' said Charles Q. Miller, UE&C president and chief executive officer.