Product category:
Environment
News Release from: AMEC
Edited by the Processingtalk Editorial
Team on 06 June 2008
Environmental + geotechnical consultancy
acquired
AMEC, the international engineering and project management company, has reached agreement to acquire Geomatrix Consultants, a specialist US environmental and geotechnical consultancy
Geomatrix is a diversified technical consulting and engineering firm headquartered in Oakland, California The company employs some 500 engineers, scientists and other professionals in 18 offices across the United States and one office in Canada
This article was originally published on Processingtalk on 5 Sep 2005 at 8.00am (UK)
Related stories
Asset support contracts for chemical companies
AMEC from Darlington, in the Northeastern UK, has been awarded GBP100 million long-term asset support contracts by leading chemical companies Innovene and Huntsman Petrochemicals
New contract for Turkish Black Sea gas project
AMEC Paragon will provide front-end engineering design (FEED) for a natural gas drilling and wellhead platform in the Western Black Sea near Akcakoca, Turkey, for Turkiye Petrolleri (TPAO)
Geomatrix offers specialist environmental, geotechnical and water resources services to clients in sectors such as oil and gas, industrial, mining and municipal.
The purchase is consistent with the AMEC strategy of geographic and capacity expansion in the Earth and Environmental business and follows the acquisition of six smaller environmental consultancy businesses since January 2007.
Samir Brikho, AMEC Chief Executive said: "With services from environmental impact assessments to remediation, Earth and Environmental is an important differentiator in the AMEC portfolio of services.
Geomatrix will significantly enhance our geographic coverage and our ability to provide customers with high value consultancy services".
Roger Jinks, President of the AMEC Earth and Environmental division added: "This acquisition not only strengthens our presence in the United States, but adds significant depth to our consulting talent in the environmental remediation, seismic and groundwater services growth markets".
Anthony Daus, President of Geomatrix said: "We are pleased to be joining AMEC and being part of this growing and dynamic organisation.
This will allow us to better serve our clients nationally and internationally and provides excellent technical and professional opportunities for our staff".
AMEC will acquire Geomatrix Consultants (Geomatrix) from its owner-managers for a total cash cost of GBP43million (USD85 million).
GBP32.3 million (USD63.75 million) will be paid at closing with the balance, after any post-closing adjustments, to be paid over the next two years.
• AMEC: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
