7th Mar 2005 09:58
AMEC PLC07 March 2005 AMEC plc Acquisition 7 March 2005 AMEC plc, the international project management and services company, hasfurthered its strategy of expanding its international environmental servicescapability with the acquisition of UK-based Environmental Advice Centre Limited("EAC") for £1.4 million. The UK market for environmental services represents an important growthopportunity for AMEC, with increased public and private investment in high-levelenvironmental consultancy, driven mainly by evolving legislation. Environmentalconsulting also gives AMEC entry to customer projects at the earliest point inthe total life cycle of the asset. EAC specialises in ecological surveys and assessments, contaminated landremediation and air and water quality appraisals. It employs 25 environmentalprofessionals, based in Mold, Flintshire and Richmond, Yorkshire, and generatedtotal turnover of £1.7 million in 2004. The acquisition gives AMEC a UK gatewaythrough which to target its expertise in large environmental managementprogrammes, both with existing AMEC and EAC customers across the oil and gas,industrial, transport and government sectors, as well as into new markets. AMEC's environmental services business operates from a network of 100 officesacross the Americas as well as locations in Germany, Italy, Netherlands, Russiaand Peru. It provides extensive environmental services around the globe,including oil and gas developments in Russia, construction support services tothe U.S. Air Force, and assistance to major mining projects in Canada and SouthAmerica. The environmental services business forms part of the Engineering and TechnicalServices business, AMEC's largest area of activity, which generated sales of£2.0 billion in 2003 and produced 41% of total operating profit. P J Holland FCACompany Secretary Contacts: AMEC plc +44 (0)20 7634 0000Neil Jamieson, Director of Investor RelationsJuliet Sychrava, Director of Corporate CommunicationsCharles Reynolds, Head of Media Relations AMEC plc is an international project management and services company thatdesigns, delivers and supports infrastructure assets for customers worldwideacross the public and private sectors. AMEC employs 45,000 people in more than40 countries, generating annual turnover of around £5 billion. AMEC's shares aretraded on the London Stock Exchange where the company is listed in the SupportServices sector (LSE: AMEC.L). This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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