Engineering service group AMEC said yesterday it had acquired Australian company Unidel form its owner-managers for an initial £17million.
A further £8.8million may be paid over three years, subject to Unidel achieving “stretching” profit targets, it added.
AMEC said the acquisition expanded its capabilities in “one of our key growth regions” and allowed it to better serve its customers in the oil and gas, mineral and metals, and clean-energy markets.