29th Jan 2010 07:51
For immediate release
29 January 2010
AMEC acquires leading project services consultancy Currie & Brown (Australia) Pty Ltd
AMEC, the international engineering and project management company, announces today the acquisition of Currie & Brown (Australia) Pty Ltd, a leading cost and commercial management consultancy, from its shareholders Currie & Brown International Limited and other owner-managers, for a cash consideration of AU$36.4 million.
Currie & Brown (Australia) is a provider of independent cost, contract and consulting services to the oil and gas, mining, building, transport, utilities and infrastructure sectors. The company has some 200 professional employees. It is headquartered in Brisbane and has offices in Adelaide, Gold Coast, Melbourne, Perth and Sydney.
The acquisition is fully aligned with AMEC's Vision 2015 strategy of assured growth, through a strengthened geographic footprint and enhanced capabilities in key sectors.
"Acquiring Currie & Brown (Australia) is another important step in our strategy of providing independent business consultancy services worldwide," said Neil Bruce, Executive Director of AMEC. "The addition of high quality people is an excellent fit with Rider Hunt International (RHi), our leading project services consultancy. The business also provides a good geographic fit with AMEC's delivery of services in both mature and frontier regions."
Enquiries to:
AMEC plc +44 (0) 20 7539 5800
Sue Scholes, Director of Communications
Nicola-Jane Brooks, Investor Relations
ENDS
Notes to Editors:
AMEC plc (LSE: AMEC) is a focused supplier of high-value consultancy, engineering and project management services to the world's energy, power and process industries. With annual revenues of over £2.6 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC's Natural Resources, Power & Process and Earth & Environmental businesses employ almost 22,000 people in more than 40 countries globally. amec.com
Rider Hunt International (RHi) is a leading international project services consultancy, which AMEC acquired in October 2008. It provides consultancy, software and specialist personnel in support of cost, contracts and schedule related aspects of client projects and operations in the oil, gas, petrochemical, energy and process industries.
In November 2009, AMEC acquired GRD Minproc, a world-class engineering and project delivery business specialising in the design, procurement and construction of mineral projects. AMEC Minproc is headquartered in Perth Australia. The acquisition of Currie & Brown (Australia) brings the number of people employed by AMEC in Australia to almost 1,000.
About Currie & Brown (Australia) Pty Ltd
Currie & Brown (Australia) provides independent cost, contract and consulting services for owners, operators and deliverers of building, resources and infrastructure assets within the oil and gas, mining, building, transport, utilities and infrastructure sectors. Its services include engineering cost management and cost engineering, programming and scheduling services, contractual advice and dispute resolution, technical cost and scope auditing, facilities management consulting and quantity surveying and building cost management. It has an excellent track record of success and high levels of repeat business for major national, regional and global customers.
www.curriebrown.com.au
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