Engineering-based firm focused on mineral projects in Australia, Africa and South America will boost consultant's global strength
Amec has signed a deal to buy Australian engineering and project development company GRD for 拢52m.
The UK-based consultant said its acquisition of the 850-strong firm would strengthen its resources expertise, particularly in copper, gold, uranium, nickel and iron.
It added that Perth-based GRD, which specialises in mineral projects in Australia, Africa and South America, would boost its project delivery capabilities globally.
Amec chief executive Samir Brikho said: 鈥淭he capabilities and geographic coverage of GRD are highly complementary with Amec's existing business and the acquisition is a further step towards the delivery of superior outcomes for clients in our chosen geographies and commodities.鈥�
GRD chief executive Cliff Lawrenson added: 鈥淲e see Amec as a world leader in its field and a natural partner for GRD given our complementary skills and service offerings. This transaction will deliver our people a great opportunity to consolidate the strength of our position and expand into new markets and new sectors as part of the broader Amec group.鈥�
The deal is subject to GRD shareholder approval and is expected to become effective in mid-October.
It is the second move to strengthen the firm's global footing this month. On 9 July, Amec announced a joint venture with three Korean firms to tackle the nuclear, thermal, gas and renewables sectors in South Korea.
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