AMEC to Acquire Australian Engineering Consultancy Zektingroup
- Business & Finance
AMEC, the international engineering and project management company, announces 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.”
Source:AMEC, February 7, 2011;