Amec, the UK-based engineering and project management company, has agreed to buy the US engineering and environmental services company Mactec for $280 million.
Mactec provides a similar range of services to Amec's Earth & Environmental (E&E) unit, including environmental planning, assessment and remediation, infrastructure engineering, water resources and construction support services. Its clients are those operating in the energy, commercial/industrial, transportation/infrastructure and federal sectors.
The merger will give Amec greater access to new customers and regions and Mactec an improved international platform for growth, the companies said.
Commenting, Amec’s CEO Samir Brikho said: “This acquisition is fully aligned with Amec's Vision 2015 growth strategy and provides Amec with the right scale to service this important and growing environmental and infrastructure engineering services market.”
Ann Massey, president and CEO of Mactec, added: “We are very excited to add Mactec's technical capability, resources, and customer base to Amec's successful business. Together, we offer a strong, global platform of consulting, engineering, and project management expertise. The close alignment between our companies' cultures, services and expertise will provide immediate value to our customers and foster future growth.”
Mactec will be integrated into Amec during this year, and is expected to be earnings enhancing immediately. The company’s management team are expected to remain with the combined company.
Headquartered in London, Amec has annual revenues of almost £3 billion and employs approximately 23,000 people in 40 countries worldwide
Based in Alpharetta, Georgia, Mactec has annual revenues of more than $411 million and employs 2,600 people in over 70 offices across the US.
