What is "ferrostaal"

Ferrostaal is a provider of industrial services. With 4,400 employees and an annual turnover of around euro 1, 6 billion euro (2008), Ferrostaal serves customers in more than 40 countries worldwide. Ferrostaal provides industrial services in two areas: Projects (Petrochemicals, Industrial Plants, Solar Energy and Power) and Services (Equipment, Piping, Automotive). In 2009, the International Petroleum Investment Company (IPIC) of Abu Dhabi has taken over 70% of the shares of Ferrostaal AG from MAN AG, Munich. Due to the acquisition of the majority shares, the company entered the commercial register as Ferrostaal, underlining its separation from the MAN Group.