Global engineering and project management company AMEC has announced its acquisition of a leading waste consulting firm based in Newcastle for £61 million.
Entec Holdings Ltd - an environmental engineering consultancy that - was only bought by its management team five years ago for £30 million. The acquisition is a key part of AMECs strategy to enhance its consulting capabilities and will complement its existing environmental business in the UK, which employs over 100 specialists out of eight offices in the country.
AMEC says that in addition to Entecs extensive experience on new build nuclear sites, such as nuclear waste management, the firm is also involved in many renewable energy projects and AMEC intends to take the newly acquired company onto the global stage.
AMEC executive vice president Elaine Moore said: The addition of Entecs high quality people significantly enhances our position in the water sector around the world. The acquisition also supports AMECs goal of strengthening the Earth and Environmental divisions position in Europe.
Entecs most recent project was the design of Lancashire County Councils new waste transfer station in Preston. Last year, WRAP reappointed Entec as framework contractor to support the delivery of advice to local authorities on the prevention, collection and recycling of municipal waste. Its clients include the European Commission, the UK government, the Crown Estate and most of the UK water companies.
Entec managing director Simon Armes-Reardon said: This acquisition is very important for our continued growth. Clients are increasingly looking to work with companies that deliver a greater depth of services and we look forward to our continued development within AMEC.