Amec Foster Wheeler is born – 40,000 worldwide
November 18, 2014
By
Canadian Consulting Engineer
AMEC has announced that it has completed its acquisition of Foster Wheeler AG, creating a global company that will be known as Amec Foster Wheeler. The combined company will have a workforce of over 40,000 people in more than 50 countries. The...
AMEC has announced that it has completed its acquisition of Foster Wheeler AG, creating a global company that will be known as Amec Foster Wheeler. The combined company will have a workforce of over 40,000 people in more than 50 countries. The company issued a press release calling the combined company “a new force in global engineering, project delivery, asset support, power equipment and consultancy.”
Based on 2013 numbers, 56% of the combined company’s revenues come from oil and gas, 19% come from clean energy, 9% from environment and infrastructure, 8% from mining, and 8% from its Global Power division that makes power equipment. It’s expected to have revenues of around 5.5 billion pounds.
AMEC is based in the United Kingdom, while Foster Wheeler is an international, Swiss-based engineering company. In Canada AMEC’s roots are with a large engineering predecessor company known as AGRA Monenco which AMEC bought in 2000. AMEC now has approximately 6,500 employees and 60 offices in Canada.
The company also announced its new management structure, creating three geographic business units: (1) the Americas; (2) Northern Europe & Commonwealth of Independent States; and (3) Africa, Middle East, Asia & Southern Europe.
the Americas are headed up by Simon Naylor. He has been with AMEC since 1993 and since 2007 has been president of its natural resources Americas division. Samir Brikho is the company’s chief executive based in the U.K.,
Other appointments include: Ian McHoul as chief financial officer, Jeff Reilly as group president of strategy and business development, Jon Nield as group project delivery director, Will Serle as group human resources director; and Alison Yapp as general counsel and company secretary.
Brikho said: “In creating our new company we are building on the proud heritage, skills and customer relationships of two already successful and highly respected businesses. … With our strong management team and talented workforce, we will not only serve our customers better, but can also offer our highly skilled employees even better career opportunities. I am proud to be leading the combined business into a new phase of growth.”
To read the Amec Foster Wheeler press release, click here.
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