Furmanite Announces Agreement to Acquire ENGlobal Midstream Inspection Division

  Furmanite Announces Agreement to Acquire ENGlobal Midstream Inspection

Business Wire

HOUSTON -- December 12, 2012

Furmanite Corporation (NYSE: FRM), reported today that it is acquiring certain
assets of the Inspection Services Division of ENGlobal Corporation’s Field
Solutions group, based in Tulsa, Oklahoma.This division provides inspection
and project management services to contractors and operators participating
primarily in the midstream oil and gas market. A wide range of inspection
services are offered, including Non-Destructive Examination (NDE), Quality
Assurance, and Regulatory Compliance services for pipelines and other capital,
turnaround, maintenance, and mechanical integrity projects.

Furmanite will be transitioning employment of approximately 140 full-time
skilled technicians and project managers in connection with the transaction
when it closes, effective January 1, 2013.

Bon Roberson, General Manager of the ENGlobal Inspection Division, said, “We
are very pleased to be joining the Furmanite team and look forward to a smooth
and positive transition. With Furmanite’s global resources and financial
strength behind us, we are confident in our ability to continue serving our
customers with excellence.”

“We look forward to welcoming this outstanding team of talented people to our
Company,” said Joe Milliron, President and COO of Furmanite, “Their combined
expertise represents a significant expansion of our inspection capabilities,
and the long standing relationships they have in the midstream oil and gas
market will also open up additional opportunities for all of our existing
lines of business.”

Mr. Milliron concluded, “We have experienced strong demand for Inspection and
NDE services during the past year, and plan to announce more details regarding
Furmanite’s future participation in this market within the next 60 days.”


Furmanite Corporation (NYSE: FRM) is a worldwide technical services firm.
Headquartered in Houston, Texas, Furmanite, one of the world’s largest
specialty technical services companies, delivers a broad portfolio of
engineering solutions that keep facilities operating, minimizing downtime and
maximizing profitability. Furmanite’s diverse, global operations serve a broad
array of industry sectors, including offshore drilling operations, pipelines,
refineries and power generation facilities, chemical and petrochemical plants,
steel mills, automotive manufacturers, pulp and paper mills, food and beverage
processing plants, semi-conductor manufacturers and pharmaceutical
manufacturers. Furmanite operates more than 75 offices on six continents. For
more information, visit www.furmanite.com.

Certain of the Company’s statements in this press release are not purely
historical, and as such are “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. These include statements
regarding management’s intentions, plans, beliefs, expectations or projections
of the future. Forward-looking statements involve risks and uncertainties,
including without limitation, the various risks inherent in the Company’s
business, and other risks and uncertainties detailed from time to time in the
Company’s periodic reports filed with the Securities and Exchange Commission.
One or more of these factors could affect the Company’s business and financial
results in future periods, and could cause actual results to differ materially
from plans and projections. There can be no assurance that the forward-looking
statements made in this document will prove to be accurate, and issuance of
such forward-looking statements should not be regarded as a representation by
the Company, or any other person, that the objectives and plans of the Company
will be achieved. All forward-looking statements made in this press release
are based on information presently available to management, and the Company
assumes no obligation to update any forward-looking statements to reflect new
information, events or circumstances after the date made or to reflect the
occurrence of unanticipated events, except as required by law.


Furmanite Corporation
Investor Relations, 713-634-7775
Email: investor@furmanite.com
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