Engineer pays £61.2m for Entec, which is says will give it access to new customers
Energy and engineering giant Amec has bought environmental consultant Entec from its owners Growth Capital Partners for £61.2m in cash.
Amec said in a statement the acquisition would strengthen relationships with existing customers, as well as provide access to new ones. Entec has 700 professional employees and is headquartered in Newcastle with 14 offices across the United Kingdom. Its customers span government, utility and private sector companies.
Amec said the acquisition would be immediately earnings enhancing. Roger Jinks, president of Amec's earth and environmental division, said: "Acquiring Entec Holdings is another important step in our strategy of enhancing our water and environmental consulting capabilities internationally."
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