Disposal of AMEC SPIE
27 July 2006
AMEC, the international project management and services company, announces that it has completed the disposal of AMEC SPIE to a new company controlled by funds managed by PAI Partners for an equity value of approximately €1,040 million (£707 million).
AMEC SPIE provides electrical engineering, communications services and specialist activities in the energy and rail industries, predominantly in France. It has approximately 23,000 employees and operates from approximately 380 European locations.
Mr Jean Monville, Chairman of AMEC SPIE, has today resigned as a director of AMEC to concentrate on running AMEC SPIE under its new owners.