AMEC Acquires Environmental Consultancy
AMEC has furthered its strategy of expanding its international environmental services capability with the acquisition of UK-based Environmental Advice Centre Limited ("EAC") for £1.4 million.
"The UK market for environmental services represents an important growth opportunity for AMEC, with increased public and private investment in high-level environmental consultancy, driven mainly by evolving legislation," said Carlos Riva, executive director of AMEC plc. "Environmental consulting also gives AMEC entry to customer projects at the earliest point in the total life cycle of the asset."
EAC specialises in ecological surveys and assessments, contaminated land remediation and air and water quality appraisals. It employs 25 environmental professionals, based in Mold, Flintshire and Richmond, Yorkshire, and generated total turnover of £1.7 million in 2004. The acquisition gives AMEC a UK gateway through which to target its expertise in large environmental management programmes, both with existing AMEC and EAC customers across the oil and gas, industrial, transport and government sectors, as well as into new markets.
AMEC's environmental services business operates from a network of 100 offices across the Americas as well as locations in Germany, Italy, Netherlands, Russia and Peru. It provides extensive environmental services around the globe, including oil and gas developments in Russia, construction support services to the U.S. Air Force, and assistance to major mining projects in Canada and South America.
The environmental services business forms part of the Engineering and Technical Services business, AMEC's largest area of activity, which generated sales of £2.0 billion in 2003 and produced 41% of total operating profit.
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