AMEC divests its Dynamic Structures business

16/04/2007


London, United Kingdom (17 April 2007) - AMEC plc is pleased to announce that it has completed the sale of its Canadian-based specialty steel design and fabrication business, AMEC Dynamic Structures Ltd, to Empire Industries Ltd for an undisclosed sum.

This furthers AMEC's strategy, announced in December 2006, of focusing on its core businesses in the Energy and Process sectors and divesting its Built Environment and other non-core specialist businesses. It follows the sale of its interest in AMEC SPIE Rail Systems Ltd announced in February 2007 and Buchan Concrete Solutions, announced earlier this month.

AMEC Dynamic Structures, based in British Columbia, Canada, employs 110 people and generated revenues of CDN$ 21.1m (£10.1 million) in the year ended 31 December 2006. Gross assets as at 31 December 2006 were CDN$ 10.4m (£4.6 million).

Chief Executive Samir Brikho said:
"This is another milestone in our programme of non-core divestments and I am pleased that once again we have found a strong new owner who will take this specialist business forward."

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