Kentz delivers upbeat outlook for sector

Oil and gas-focused Irish engineering firm Kentz Corporation, a target of potential takeover interest, delivered an upbeat outlook for the industry in its first-half results yesterday.

“Across the global engineering and construction space, many companies are indicating a more cautious outlook for the future than previously observed.

“However, the markets in which Kentz operates continue to be busy, and the first half of 2013 has seen one of the most active periods of bidding ever experienced by Kentz,” the company said.