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Amec buys environmental and engineering consultancy Entec

by Tony Rice 30. March 2010 09:33

British oil services and engineering group AMEC Plc said it acquired environmental and engineering consultancy Entec Holdings Ltd for an initial consideration of 61.2 million pounds ($91.67 million) in cash.

FTSE 100-listed AMEC said the acquisition was expected to add to earnings effective immediately.

"Entec broadens the earth & environmental division's geographic footprint in Europe and it also strengthens its capabilities in the water and energy sectors," AMEC said in a statement.

AMEC, which has 22,000 engineers in 40 countries and is part of the consortium running Britain's Sellafield nuclear facility, said in December it would ramp up acquisitions under its new plan to more than double earnings per share by 2015.

http://uk.reuters.com/article/idUKSGE62T07X20100330 

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