AMEC Acquire Game Nucléaire SAS and Subsidiaries

AMEC has acquired French nuclear engineering company Game Nucléaire SAS and its subsidiaries for £14.3m.

Game Nucléaire SAS employs 620 people and had a turnover of £32m in 2004.

The acquisition was completed through Peroué Spie Capital SA, a joint venture company owned 51% by Peroué Conseils and 49% by AMEC. AMEC will invest £3.6m in Peroué Spie Capital and has an option to purchase Peroué's 51% interest exercisable between 1 January 2006 and 31 December 2007.

"We are seeing increased levels of activity in the nuclear sector in all of our home markets," said Sir Peter Mason, Chief Executive of AMEC. "This strategic acquisition significantly strengthens AMEC SPIE's existing nuclear business and enhances our ability to target nuclear power plant maintenance and fuel recycling work across France."

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Posted 08/04/05

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