Amec seals Foster Wheeler takeover deal

Aaron Morby 10 years ago
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A new force is global engineering and consultancy was established today with the creation of Amec Foster Wheeler.

Amec’s £1.9m deal to buy Foster Wheeler was completed today creating a £5.5bn turnover business with over 40,000 staff across the world.

The combined company would have generated a combined trading profit of £521m in 2013.

The new group will operate from global headquarters in London and has 51 office locations in the UK alone.

Around the UK,  4,000 are employed in Aberdeen servicing the oil industry, a further 1,600 work out of the Knutsford and Warrington offices in the north west for the nuclear industry.

Amec’s Darlington and Newcastle bases will be strengthened by Foster Wheeler’s Teesside office in the north east.

In the south, Amec has a major design office in London and Foster Wheeler a head office in Reading, employing 1,700.

Samir Brikho, Chief Executive of Amec Foster Wheeler, said: “In creating our new company we are building on the proud heritage, skills and customer relationships of two already successful and highly respected businesses.

“Amec Foster Wheeler operates in more than 50 countries worldwide, in strong end markets and throughout the value chain.

“With our strong management team and talented workforce, we will not only serve our customers better, but can also offer our highly skilled employees even better career opportunities. I am proud to be leading the combined business into a new phase of growth.”

Amec Foster Wheeler designs, delivers and maintains strategic and complex infrastructure assets across a range of markets.

It has a strong presence across the onshore and offshore oil and gas value chain – from production, through processing, gas monetisation, midstream, oil refining and chemicals.

Amec Foster Wheeler is also a major player in the mining, clean energy, power generation, environment and infrastructure markets.

In addition, Amec Foster Wheeler is a leading designer, fabricator and supplier of advanced boiler systems for the power generation and industrial markets.

Based on 2013 pro-forma numbers, 56% of its revenues came from oil and gas, 19% came from clean energy, 9% from environment and infrastructure, 8% from the Global Power division and 8% from mining.

The engineering and project delivery operations will be managed through three geographic business units: Americas; Northern Europe & Commonwealth of Independent States; Africa, Middle East, Asia & Southern Europe.

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