Amec Foster Wheeler
|Type||Public limited company|
|Traded as||LSE: AMFW|
|Industry||Engineering and project management|
|Headquarters||London, United Kingdom|
|Key people||John Connolly (Chairman)
Samir Brikho (CEO)
|Revenue||£3,974 million (2013)|
|Operating income||£315 million (2013)|
|Net income||£178 million (2013)|
Amec Foster Wheeler plc is a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom. It is focused on the oil and gas, minerals and metals, clean energy, environment and infrastructure markets and has offices in 40 countries worldwide. Roughly a third of its turnover comes from Europe, half from North America and 12% from the rest of the world.
In 1996, AMEC took a 40% stake in Spie Batignolles from Schneider in association with a management buyout. Amec launched the AMEC SPIE brand for engineering services in Europe, a rail construction business AMEC Spie Rail was created, and the remaining construction business was retained as Spie Batignolles. The company announced that it would seek to sell the construction arm of the business Spie Batignolles, and entered negotiations to secure a management buyout of that division; the management buyout of the construction arm of Spie was completed in September 2003 with the aid of Barclays Private Equity Finance and later that year Amec took full control of the remaining parts of Spie.
Acquisitions in the new millennium included Ogden Environmental & Energy Services and AGRA Monenco Inc., a North American engineering and services company, both in 2000 as well as the U.S. operations and equipment of Lauren Kamtech in 2003. Then in 2004, AMEC was awarded a contract to assist in the reconstruction effort in Iraq, as part of a joint venture with Fluor Corp.
In 2005, AMEC acquired UK-based NNC, a large nuclear consulting company and its subsidiaries, including Ontario-based Nuclear Safety Solutions ('NSS'), the nuclear safety division of OPG, which was spun off when OPG was privatised. The European engineering business, AMEC SPIE, was sold to PAI Partners for €1,040 million in 2006 and the European rail business joint venture Amec Spie Rail systems was sold for an estimated £200million in 2007, to Colas Group.
In 2007, AMEC sold its UK construction arm to Morgan Sindall and in 2008, it sold its internal plant hire division to Speedy Hire before buying project services company Rider Hunt International, North American environmental consulting firm Geomatrix Consultants, Inc., and Slovakian nuclear services company AllDeco.
In 2009, AMEC acquired Performance Improvement Group, Journeaux, Bedard & Associates and GRD Limited and in 2010, it continued to expand with the £61.2 m purchase of Entec UK, one of the UK's largest Environmental Consultancies. The company also acquired Australian-based businesses Currie and Brown (Australia) and BurmanGriffiths and acquired a majority stake in S2V Consulting.
In 2011, the company acquired US-based BCI Engineers & Scientists, Inc., MACTEC, a US-based engineering consultancy company, and Zektin Group, an Australian-based specialist engineering consultancy for the oil and gas and resources industries.
In January 2014, AMEC provisionally agreed a £1.9bn takeover of Swiss rival Foster Wheeler. AMEC completed its purchase of Foster Wheeler on 13 November 2014 and simultaneously changed its name to Amec Foster Wheeler plc.
AMEC employs more than 29,000 people in around 40 countries including Afghanistan, Australia, Azerbaijan, Brazil, Canada, Chile, China, Kuwait, Qatar, Peru and the United States.
AMEC's operations were structured until October 2012 into Natural Resources, Power & Process and Environment & Infrastructure.
The Natural Resources business carries out oil and gas services, oil project management and a growing amount of mining services. The Company has had extensive involvement in North Sea oil rig drilling and production platform design and fabrication. Examples of international projects include contracts to provide oil services to the Kuwait National Petroleum Company and to BP's Azerbaijan international operating company.
The Power and Process business designs and builds operating facilities for companies operating in the power generation, pulp & paper, biofuels, renewable energy, and nuclear sectors. It is currently undertaking various projects to improve the gas and electricity infrastructure in the UK. It is also working on a contract to restart two nuclear reactors for Bruce Power. It also undertook electricity and water contracts in joint venture with Fluor Corp. in Iraq, which have been completed, and is currently involved in a consortium which is actively cleaning up Sellafield.
The Environment & Infrastructure business provides environmental and engineering consulting services including environmental engineering and science, geotechnical engineering, water resources, materials testing and engineering, engineering and surveying,and program management.
In October 2012, AMEC revised its structure to a regional arrangement composed of Europe, Americas, and Growth Regions, with each region consisting of parts of the old structure.
Although AMEC's UK construction business has been discontinued, the following construction projects were notable: the Kielder Dam completed in 1982, the Cumberland Infirmary completed in 2001, the M6 Toll completed in 2003, new offices for HM Revenue and Customs at Longbenton completed in 2005, the Docklands Light Railway City Airport extension completed in 2005, the University College London Hospital completed in 2005 and the New York Times Building completed in 2007.
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