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Williams Advanced Engineering sold in £164m deal
Williams Advanced Engineering has been sold to Australian firm Fortescue Metals Group [FMG], in a deal worth £164 million. Fortescue have bought 100 percent of the company, and founder and chairman Dr Andrew Forrest says the deal came about as his company looks to help 'save the planet from cooking' by heading towards the ambitious aim of making FMG fully carbon neutral by 2030. An offshoot of the group, Fortescue Future Industries [FFI], has been geared towards helping the group achieve this aim for themselves and in the heavy industrial sector as a whole – which accounts for around 20% of global carbon dioxide emissions. FFI will work directly with WAE to help the company towards...
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3mo ago from PlanetF1.com
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