Tuesday, March 24, 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.?

Contacts:

Brad Christensen, Media Relations Director, Earth and Environmental: +1 602-432-1339

Lauren Gallagher, Media Relations Manager: +1 602-757-3211

Frank Stokes, Media Relations Manager: +44 (0)1452 872121

Notes to editors:

AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering and project management services to the world's energy, power and process industries. With annual revenues of over Cdn$4.6 billion (£2.6 billion), AMEC designs, delivers and maintains strategic and complex assets for its customers. AMEC's Natural Resources, Power and Process and Earth and Environmental businesses employ over 22,000 people in more than 30 countries globally. For further information please see http://www.amec.com/

AMEC?s Earth and Environmental division operates from over 140 offices in the U.S., Canada and abroad. The business provides a broad range of environmental, geotechnical, water resources, infrastructure, materials testing, and project management services to public and private clients.