Current owner-managers will get £23m cash when the deal closes later this month, with a further £15m coming over the next two years, subject to performance.
Zektin’s 200 employees provide front-end engineering design and engineering services to the oil and gas market, in particular coal seam methane (CSM) and the controlled-environment market, which includes the bioprocess, biotechnology and pharmaceuticals sectors. Head office is in Melbourne and there is a regional office in Brisbane.
“Acquiring Zektin is another important step in our growth strategy in Australia and in the oil and gas sector," said Amec chief operating officer Neil Bruce. "The acquisition provides Amec with oil and gas capability on the east coast of Australia, as well as access to the CSM sector, which is one of our target markets."
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