30th May 2012 07:00
AMEC expands its Environment & Infrastructure service offering in Australia
AMEC, the international engineering and project management company, announces today that it has bought Unidel, a Brisbane-based consulting, engineering and technical services company from its owner-managers for an initial cash consideration of A$27 million. A further A$14 million may be paid over three years, subject to the achievement of stretching profit targets.
Unidel is a 260-person company working in Australia's rapidly expanding energy, resources and infrastructure sectors which provides a range of environmental and infrastructure services similar to those of AMEC. Their experience includes projects involving gas field exploration, development, production and transmission, water pipelines and coal seam methane.
AMEC Chief Operating Officer, Neil Bruce, said: "This acquisition is fully aligned with our Vision 2015 strategy and builds our presence in Australia to some 1,500 employees. Importantly, it also expands our capabilities in one of our key growth regions and allows us to serve better our customers in the oil & gas, minerals & metals and clean energy markets."
Hisham Mahmoud, President of AMEC's Environment & Infrastructure business, added: "Unidel brings to our business a team of talented professionals, a compatible culture and a strong client base. This acquisition will create significant opportunities to grow and offer a wider range of services to existing and new clients in Australia."
Enquiries to:
AMEC plc +44 (0) 20 7539 5800
Sue Scholes, Director of Communications
Nicola-Jane Brooks, Head of Investor Relations
Media
Brunswick Group LLP: +44 (0) 20 7404 5959
Mike Harrison
Craig Breheny
AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of some £3.3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs over 27,000 people in around 40 countries worldwide. See amec.com.
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