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Acquisition

2nd Feb 2011 07:00

RNS Number : 4967A
AMEC PLC
02 February 2011
 



 

AMEC acquires water and mining environmental and engineering consulting firm

 

AMEC, the international engineering and project management company, announces today that it has acquired BCI Engineers and Scientists, Inc. (BCI), a Florida-based consulting firm focused on the water and mining sectors, from its owner-managers. Of the total cash consideration of US$20 million, US$15 million was paid at closing, with the balance to be paid over the next two years, subject to performance.

 

Established more than 30 years ago, BCI is a diversified environmental, water resources, geotechnical, civil and forensic engineering firm working predominantly in the water and mining sectors. Headquartered in Lakeland, Florida, the company employs nearly 200 engineers, scientists and other professionals in seven offices.

 

"This acquisition is consistent with our Vision 2015 growth strategy in the water and mining sectors, as well as expanding our geographic coverage in the Southeast US," said Hisham Mahmoud, President of AMEC's Earth & Environmental business. "BCI's talented professionals, locations, services and excellent client relationships make the company a good fit for us."

 

Enquiries to:

AMEC plc +44 (0) 20 7539 5800

Sue Scholes, Director of Communications

Nicola-Jane Brooks, Investor Relations

 

Notes to Editors:

AMEC plc

AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering and project management services to the world's natural resources, nuclear, clean energy, water and environmental sectors. With annual revenues of over US$3.9 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. The company employs some 23,000 people in around 40 countries worldwide. See amec.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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