Nothing but negotiation

The Gap Partnership

AMEC purchases qedi

Project delivery firm qedi has been purchased by engineering and project management company AMEC.

22 February 2011

International engineering and project management firm AMEC has announced the success of its sales negotiations to acquire project delivery company qedi.

The newly purchased organisation has 350 professional employees and senior members of AMEC have said the firm will now be able to"deliver integrity" throughout the projects it takes on.

Base in Aberdeen, qedi's services are expected to be applied to a number of market sectors where integrity and capital costs areimportant factors.

Neil Bruce, chief operating officer of AMEC, commented: "This acquisition strengthens AMEC’s project delivery capability across our key sectors, supports the Vision 2015 strategy, and reinforces AMEC’s excellent track record through commissioning into operation."

AMEC's annual revenues are in excess of 2.5 billion and in 2009, its earnings before interest, amortisation and tax were 208.3 million.

It is listed on the London Stock Exchange where it is in the FTSE 100 index and listed in the Oil Equipment and Services sector. 

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