AMEC to acquire Canadian engineering consultancy
24 March 2009
Toronto, Ont. Canada (24 March 2009) - AMEC, the international engineering and project management company, announces today that it has signed a legally binding agreement to purchase the assets and ongoing operations of Philips Engineering Ltd. (Philips).
Philips is a 70-person Canadian engineering firm located near Toronto, in Burlington, Ontario. Founded in 1946, the company specializes in engineering services relating to highway and municipal engineering, water resources, structural (buildings and bridges) and land development.
When coupled with AMEC’s existing geotechnical, environmental, and materials testing and inspection capabilities, the acquisition will enable AMEC to provide a complete civil engineering consultancy service to public and private sector clients in Eastern Canada.
The acquisition is consistent with AMEC’s strategy of increasing the geographic footprint and capabilities of the Earth and Environmental division and it follows nine other selective acquisitions in this division since January 2007.
Philips will provide AMEC with infrastructure capabilities in Eastern Canada at a time when the Canadian Federal and Ontario governments have committed to substantial economic stimulus spending on infrastructure system upgrades, maintenance and asset management.
“Philips offers excellent infrastructure capabilities, an established public sector client base and a strong strategic fit for AMEC in Eastern Canada,” said Laurie Davidson, Executive Vice President of AMEC’s Earth and Environmental division.
Philips Engineering President Bob McLaughlin added: “This merger will greatly benefit clients of both companies in that they will have ready access to the complete slate of civil engineering and environmental services. It also will open exciting professional opportunities to Philips staff in the mining, energy, federal government and industrial sectors.”
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