AMEC 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.