Layne Christensen Co. announces that it has acquired the remaining 50 percent interest of Costa Fortuna Fundacoes e Construcoes Ltda ("Costa Fortuna") that it did not previously own. Layne acquired its initial 50-percent interest in Costa Fortuna in July 2010.

Costa Fortuna, with operations in Sao Paulo, Brazil, and Montevideo, Uruguay, is part of Layne's Geoconstruction Group, and is one of the largest providers of specialty foundation and specialized marine geotechnical services in South America. Costa Fortuna specializes in the implementation of large-diameter bored piles, diaphragm walls, root piles, soil nailing, jet grouting, investigatory geotechnical services, and maritime and river specialized foundations.

Layne CEO, Rene Robichaud, states, "Costa Fortuna has been a strong performer, and we believe that there is a significant opportunity to expand Layne's geotechnical construction capabilities in South America over the next several years. The Brazilian construction market is estimated at well over $100 billion for the next five years, with a substantial portion expected in market opportunities generated by the World Cup in 2014 and the Olympic Games in 2016. As a market leader in South America, Costa Fortuna enjoys established construction industry partnerships, a track record of successfully completing specialized, complex projects, and a reputation for integrity and dependability.

They will fit nicely as we apply the principles of OneLayne to pursue solutions-based project opportunities across all divisions and geographies."