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AMEC Purchases Majority Shareholding In S2V Consulting - Quick Facts

AMEC Plc (AMEC.L) said it acquired a majority shareholding in S2V Consulting Pty Ltd to form a new partnership in Australia.

The new venture is aligned with AMEC's Vision 2015 strategy of assured growth, through a strengthened geographic footprint and enhanced capabilities in key sectors, and will grow the company's front-end and subsea capabilities in the Asia Pacific region and beyond, AMEC noted.

S2V Consulting, a consultancy to the oil and gas industry with gross assets of AU$1.5 million, provides front-end consulting services including field development planning, conceptual screening and project assurance. S2V Consulting has some 100 technical staff and is headquartered in Perth, Australia.

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