Amec Plc to buy engineering services firm Mactec for $280 million
19 May 2011
Engineering services company Amec Plc yesterday said that it had agreed to buy US-based engineering and environmental services firm Mactec, for $280 million in order to expand its footprint in North America.
Headquartered in Georgia, Mactec employs around 2,600 highly skilled technical professionals and has 70 offices which are mainly in the eastern part of the US.
The company provides a wide range of services to Amec's existing Earth & Environmental (E&E) business, including environmental planning, assessment and remediation, infrastructure engineering, water resources and construction support services.
It has a broad range of high-quality, long-term clients operating in the energy, commercial / industrial, transportation/infrastructure and federal sectors. In North America, E&E has previously had a stronger presence in the Western US and in Canada, and the merger will allow Amec greater access to new customers in North America.
Mactec was ranked 32nd by design firm by revenue with 2010 sales of $407.7 million.
Amec, an FTSE 100 company based in London, is a focused supplier of high-value consultancy, engineering and project management services to the world's oil and gas, minerals and metals, clean energy, water and environmental sectors.