AMEC expands its Environment Infrastructure service offering in Australia

29/05/2012


London, United Kingdom (30 May 2012) - 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."

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