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AMEC Agreement to Acquire Australian Engineering Consultancy Zektingroup

AMEC AMEC announced today that it has entered into an agreement to acquire Zektingroup (Zektin), an Australian-based specialist engineering consultancy for the oil and gas and resources industries, from its owner-managers. Closing is anticipated later in February.

Zektin is a 200-person engineering consultancy that provides front-end engineering design (FEED) and engineering services to the oil and gas market, in particular coal seam methane (CSM), and the controlled-environment market, which includes the bioprocess, biotechnology and pharmaceuticals sectors. The company is headquartered in Melbourne with a regional office in Brisbane.

The acquisition of Zektin is fully aligned with AMEC's Vision 2015 strategy of assured growth through a strengthened geographic footprint and enhanced capabilities in key sectors.

"Acquiring Zektin is another important step in our growth strategy in Australia and in the oil and gas sector," said Neil Bruce, Chief Operating Officer of AMEC. "The acquisition provides AMEC with oil and gas capability on the east coast of Australia, as well as access to the CSM sector, which is one of our target markets. I am delighted to welcome this team of professional consultants to AMEC."

Steve Ciccone, Director of AMEC's Australia and South East Asia operations said:

"Bringing together Zektin and AMEC builds on our already formidable oil and gas expertise in the region. This is an exciting time for our operations in Australia and South East Asia, as we build our capabilities and go from strength to strength."

Tino Gerali, Zektin's Managing Director added:

"We are pleased to combine our capabilities with those of AMEC and look forward to the ensuing opportunities not only for our staff, but also our customers. AMEC's global footprint and proven processes and systems will enable us to build on our service offering, while maintaining our focus on adding value for our customers."

Published 07/02/2011

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AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering and project management services to the world's natural resources, nuclear, clean energy, water and environmental sectors. With annual revenues of over £2.5 billion, AMEC designs, delivers and maintains strategic and complex assets for its customers. The company employs some 23,000 people in around 40 countries worldwide.

Zetkin Founded in 1992, Zektingroup is an engineering consultancy based on the east coast of Australia with strong capabilities and experience in the provision of FEED and engineering services to the onshore oil and gas market, in particular coal seam methane (CSM) and the controlled environment market which includes the bioprocess, biotechnology and pharmaceuticals sectors.

Coal Seam Methane (CSM) is natural gas produced during the creation of coal from peat. Zektin has grown on the back of the services it provides to the Coal Seam Gas industry in Australia, with the development of reliable, sustainable, remote area facilities and pipelines.

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