AMEC Plc (AMEC.L) said it has bought Unidel, a Brisbane-based consulting, engineering and technical services company from its owner-managers for an initial cash consideration of A$27 million. A further A$14 million may be paid over three years, subject to the achievement of stretching profit targets, AMEC noted.
AMEC chief operating officer, Neil Bruce, commented, "This acquisition is fully aligned with our Vision 2015 strategy and builds our presence in Australia to some 1,500 employees. Importantly, it also expands our capabilities in one of our key growth regions and allows us to serve better our customers in the oil & gas, minerals & metals and clean energy markets."
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