7th Apr 2005 08:49
AMEC PLC07 April 2005 6 April 2005 AMEC plc Acquisition AMEC plc, the international project management and services company, announcesthe acquisition of French nuclear engineering company Game Nucleaire SAS and itssubsidiaries for €20m (£14.3m). Game Nucleaire SAS employs 620 people and had a turnover of €45m (£32m) in 2004. The acquisition was completed through Peroue Spie Capital SA, a joint venturecompany owned 51% by Peroue Conseils ("Peroue") and 49% by AMEC. AMEC willinvest €5m (£3.6m) in Peroue Spie Capital and has an option to purchase Peroue's51% interest exercisable between 1 January 2006 and 31 December 2007. "We are seeing increased levels of activity in the nuclear sector in all of ourhome markets," said Sir Peter Mason, Chief Executive of AMEC. "This strategicacquisition significantly strengthens AMEC SPIE's existing nuclear business andenhances our ability to target nuclear power plant maintenance and fuelrecycling work across France." P J HollandCompany 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 44,000 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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