AMEC plc (LSE: AMEC) is a global consultancy, engineering and project management company headquartered in London, United Kingdom. It is focused on the energy, environmental, natural resources and water sectors and has offices in 40 countries worldwide. Roughly a third of its turnover comes from Europe, a third from North America and a third from the rest of the world.
It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
AMEC was formed from the 1982 amalgamation of the Leonard Fairclough & Son (founded 1883) and the William Press Group (founded 1913). In 1988, AMEC went on to acquire Matthew Hall Group.
In 1996, AMEC bought a 45% stake in Spie Batignolles and later went on to exercise an option to buy the other 54%.
In 2000, AMEC bought Ogden Environmental & Energy Services and AGRA, Inc., a North American engineering and services company. In 2003, AMEC acquired the U.S. operations and equipment of Lauren Kamtech, effectively creating a new (but separate entity) under the name AMEC Kamtech, Inc: this new entity continues to provide engineering, procurement, and construction services primarily in the Power and Process sectors.
In 2004, AMEC was awarded a contract to assist in the rebuilding of Iraq, as part of a joint venture with Fluor Corp. In 2005, AMEC acquired UK-based NNC, a large nuclear consulting company and its subsidiaries, including Ontario-based Nuclear Safety Solutions ('NSS'), the nuclear safety division of OPG, which was spun off when OPG was privatised. In 2006, AMEC sold the Paris-based Spie Batignolles to a private equity company. In 2007, AMEC sold its construction arm to Morgan Sindall. In 2008, AMEC sold its internal plant hire division to Speedy Hire. Also in 2008, AMEC bought project services company Rider Hunt International.
In 2010 AMEC continued to expand with the £61.2 m purchase of Entec UK, one of the UK's largest Environmental Consultancies.
Source: Wikipedia
