Acquisition

AMEC acquires US-based nuclear services company

London (4 November 2013) AMEC, the international engineering and project management company, today announces that it has agreed to acquire Automated Engineering Services Corp. (AES), a 175-person professional design engineering nuclear services firm based in Naperville, Illinois, US, with annual revenues in excess of $30 million. The consideration of $29 million will be paid in cash and completion is expected by the end of November 2013.

Established over 20 years ago, AES provides plant design / modification engineering, engineering analysis, safety, licensing and regulatory services, and engineering programme support to existing nuclear utilities, primarily in the US.

Tim Gelbar, President of AMEC's Power & Process business in the Americas said: "Consistent with AMEC's strategy, this acquisition builds on our nuclear position in the US, allows us to better serve our clients and provides a solid platform from which to achieve further growth. It is an important addition to our strong positions in the nuclear markets in Canada and Europe.

Jim Rippon, Vice President of AMEC's nuclear business in North America added: "The combination of AMEC and AES increases the value we can add to our clients in the US nuclear market. We are delighted to welcome the AES employees to the AMEC team."

Dr. A. V. Setlur, President of AES said: "Together with AMEC we can provide a high quality service to our clients. Our focus has always been, and will continue to be, predictable and highly responsive service to our clients."

The combined US nuclear business will operate under the name AMEC AES.

Contacts

AMEC plc +44 (0) 20 7429 7500

Sue Scholes, Director of Communications

Rupert Green, Interim Head of Investor Relations

Media contact:

Brunswick Group LLP + 44 (0) 20 7404 5959

Mike Harrison and Dania Saidem

Notes to editors:

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, mining, clean energy, environment and infrastructure markets. With annual revenues of some $6.6 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 29,000 people in around 40 countries worldwide. See amec.com 

From the management and operation of Europe's most complex nuclear site, to playing a key role in new nuclear programmes in the UK and US and leading a major reactor restart programme in Canada, AMEC can truly be described as a world class global nuclear services provider. With more than 3,000 nuclear specialists operating from our main locations in the UK, Canada and the US, AMEC partners with key customers such as EDF, the Nuclear Decommissioning Authority, Bruce Power, BAE Systems and Rolls Royce.

In 2010, AMEC established a US nuclear services team in its Atlanta, GA office. Since then, AMEC has grown the US nuclear business organically and by recruiting industry experts.

For further details on AES, see www.aesengineering.com.