• AMEC to acquire MACTEC for $280 million
ATLANTA, GA, May 19, 2011 -- International engineering and project management company AMEC has agreed to buy MACTEC for a cash consideration of US$280 million.
Headquartered in Alpharetta, Ga., MACTEC has approximately 2,600 employees and 70 offices, mostly in the Eastern U.S. It provides a wide range of services, including environmental planning, assessment and remediation, infrastructure engineering, water resources and construction support services.
In North America, AMEC's Earth & Environmental (E&E) business has a strong presence in the Western U.S. and in Canada. Through its acquisition of MACTEC, AMEC will have greater access to new clients and regions. By the same token, MACTEC will benefit from a better international platform for growth.
Neil Bruce, Chief Operating Officer of AMEC, said: "This acquisition is fully aligned with AMEC's Vision 2015 growth strategy and provides us with the right scale to service this important and growing environmental and infrastructure engineering services market."
Hisham Mahmoud, President of AMEC's E&E business, added: "MACTEC and E&E have a complementary client base and service offering, with minimal overlay in geographic coverage. Our combined business significantly enhances our competitive position in the U.S. market and is in line with our strategy of global geographic expansion."
Ann Massey, President and Chief Executive Officer of MACTEC said: "We are very excited to add MACTEC's technical capability, resources, and customer base to AMEC's successful business. Together, we offer a strong, global platform of consulting, engineering, and project management expertise. The close alignment between our companies' cultures, services and expertise will provide immediate value to our clients and foster future growth."
The combined E&E business will be headquartered in Alpharetta and led by Hisham Mahmoud. It will have more than 7,000 employees around the globe and bring AMEC's total North American workforce to almost 14,000. Ms. Massey and her management team are expected to remain with the combined entity and contribute to its continued growth.
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