AMEC acquires US-based nuclear services company
AMEC, the international engineering and project management company, today announces that it has agreed to acquire Automated Engineering Services Corp. (AES), a 175-person professional design engineering nuclear services firm based in Naperville, Illinois, US, with annual revenues in excess of $30 million. The consideration of $29 million will be paid in cash and completion is expected by the end of November 2013.
Established over 20 years ago, AES provides plant design / modification engineering, engineering analysis, safety, licensing and regulatory services, and engineering programme support to existing nuclear utilities, primarily in the US.
Tim Gelbar, President of AMEC’s Power & Process business in the Americas said: “Consistent with AMEC’s strategy, this acquisition builds on our nuclear position in the US, allows us to better serve our clients and provides a solid platform from which to achieve further growth. It is an important addition to our strong positions in the nuclear markets in Canada and Europe.
Jim Rippon, Vice President of AMEC’s nuclear business in North America added: “The combination of AMEC and AES increases the value we can add to our clients in the US nuclear market. We are delighted to welcome the AES employees to the AMEC team.”
Dr. A. V. Setlur, President of AES said: “Together with AMEC we can provide a high quality service to our clients. Our focus has always been, and will continue to be, predictable and highly responsive service to our clients.”
Source: Your Nuclear News