Consultant spends $280m on Georgia-based business
Global consultancy Amec has acquired US engineering and environmental services company Mactec.
LSE-listed Amec, which has a turnover of almost £3bn, bought US$411m turnover Mactec for US$280m.
Amec announced that a small Mactec subsidiary, Mactec Development Corporation, will be run as a standalone entity, with its existing management, until final regulatory approval is obtained from the US Nuclear Regulatory Commission. This is expected in due course.
Mactec is based in Georgia and focuses on engineering, design, environmental and construction work.
It works across the industrial, commercial, transport and energy sectors.