Of this total, AUD37m will be paid at closing, which is expected later in February, with the balance to be made subject to performance, over the next two years.
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.
Amec chief operating officer Neil Bruce said that the acquisition provides the company with oil and gas capability on the east coast of Australia, as well as access to the CSM sector, which is one of its target markets.
