Article: Shaw acquires Badger; forms licensing jv with ExxonMobil. (Business & Finance News: United States/Americas).(Shaw Group's Stone & Webster subsidiary buys Badger Technologies from Washington Group; Badger Licensing formed)

The Shaw Group's engineering and construction subsidiary Stone & Webster (S&W) says it has acquired petrochemical technology firm Badger Technologies (Cambridge, MA) from the Washington Group for $17.7-million in cash and the assumption of certain unspecified liabilities. Badger Technologies was previously part of Raytheon Engineers & Constructors, which Washington acquired from Raytheon in 2000.

S&W also announced that it has reamed up with ExxonMobil Chemical to form Badger Licensing, a 50-50 joint venture to market, license, and develop "new and improved" technologies exclusively for ethylbenzene (EB), cumene, and their respective derivatives. The jv also ...

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