VANCOUVER, Sept. 14 /CNW/ - AMEC, the international engineering and
project management company, announces that it is to acquire CADE-IDEPE, the
largest independent Chilean engineering services company.
CADE-IDEPE, which employs 540 people and is based in Santiago, Chile,
provides engineering solutions for Natural Resources and Power and Process
clients in Chile and throughout South America. It has been a close partner of
AMEC's for the past thirteen years.
"This strategic and exciting acquisition will provide AMEC with both a
high quality engineering base in the fast growing South American market and a
high-value engineering centre to support our rapidly growing Natural Resources
and Power and Process businesses in North America," said AMEC Chief Executive
Samir Brikho. "This is consistent with our strategy of seeking capacity and
geographical expansion within our core energy, power and process markets."
"CADE-IDEPE's strong client relationships in Chile and the rest of South
America will complement AMEC's existing strength through its offices in
Santiago and in Lima, Peru," said Tim Gelbar, President of AMEC's Industrial
Americas business. "Together we can grow more quickly, working on local and
international projects and serving the global needs of our key clients."
"AMEC has worked closely with CADE-IDEPE engineers on numerous projects
and we have seen first hand the high quality work produced. Our people all
work well together, and we look forward to combining our resources to help
serve the rapidly growing global mining market," said Bob Stanlake, Vice
President and General Manager of AMEC's Mining and Metals division.
"We are excited to join AMEC," said Lautaro Carcamo Zilveti, President of
CADE-IDEPE. "We have enjoyed a long and profitable relationship with AMEC and
we see opportunity to continue growing our domestic business and becoming more
active in exporting our services internationally."
AMEC is recognized internationally for its high-value consultancy,
engineering and project management skills and its addition of CADE-IDEPE
further illustrates the firm's commitment to serving the global needs of their
key clients. Integrating CADE-IDEPE with AMEC's existing operations in
Santiago will make AMEC the largest engineering firm in Chile with over 900
AMEC is a focused supplier of high-value consultancy, engineering, and
project management services to the world's energy, power and process
industries. AMEC designs, delivers and maintains strategic and complex assets
for its customers. AMEC's Natural Resources, Power and Process and Earth and
Environmental businesses employ approximately 18,000 people in more than 25
countries globally. AMEC shares are traded on the London Stock Exchange where
the company is listed in the Support Services Sector (LSE: AMEC.L).
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