Amec Foster Wheeler plc was a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom until its acquisition by and merger into Wood Group in October 2017. It was focused on the Oil, Gas & Chemicals, Mining, Power & Process and Environment & Infrastructure markets, with offices in over 55 countries worldwide. Roughly a third of its turnover came from Europe, half from North America and 12% from the rest of the world.
|Amec Foster Wheeler plc|
|Public limited company|
|Traded as||LSE: AMFW NYSE: AMFW|
|Industry||Engineering and project management|
|Founded||2014 Amec Foster Wheeler |
1982 AMEC plc
1927 Foster Wheeler AG
1848 Matthew Hall
|Headquarters||London, United Kingdom|
|John Connolly (Chairman)|
Jonathan Lewis (CEO)
|Revenue||£5,440 million (2016)|
|£300 million (2016)|
|£(514) million (2016)|
Number of employees
AMEC was formed from the 1982 amalgamation of Leonard Fairclough & Son (founded 1883) and the William Press Group (founded 1913). In 1988, AMEC went on to acquire Matthew Hall Group. In 1996, AMEC took a 40% stake in Spie Batignolles from Schneider in association with a management buyout. Amec launched the AMEC SPIE brand for engineering services in Europe, a rail construction business AMEC Spie Rail was created, and the remaining construction business was retained as Spie Batignolles. The company announced that it would seek to sell the construction arm of the business Spie Batignolles, and entered negotiations to secure a management buyout of that division; the management buyout of the construction arm of Spie was completed in September 2003 with the aid of Barclays Private Equity Finance and later that year Amec took full control of the remaining parts of Spie.
Acquisitions in the new millennium included Ogden Environmental & Energy Services and AGRA Monenco Inc., a North American engineering and services company, both in 2000 as well as the U.S. operations and equipment of Lauren Kamtech in 2003. Then in 2004, AMEC was awarded a contract to assist in the reconstruction effort in Iraq, as part of a joint venture with Fluor Corp.
In 2005, AMEC acquired UK-based NNC, a large nuclear consulting company and its subsidiaries, including Ontario-based Nuclear Safety Solutions ('NSS'), the nuclear safety division of OPG, which was spun off when OPG was privatised. The European engineering business, AMEC SPIE, was sold to PAI Partners for €1,040 million in 2006 and the European rail business joint venture Amec Spie Rail systems was sold for an estimated £200million in 2007, to Colas Group.
In 2007, AMEC sold its UK construction arm to Morgan Sindall and in 2008, it sold its internal plant hire division to Speedy Hire before buying project services company Rider Hunt International, North American environmental consulting firm Geomatrix Consultants, Inc., and Slovakian nuclear services company AllDeco. In 2009, AMEC acquired Performance Improvement Group, Journeaux, Bedard & Associates and GRD Limited and in 2010, it continued to expand with the £61.2 m purchase of Entec UK, one of the UK's largest Environmental Consultancies. GRD Ltd. was a Perth-based company incorporating three companies Global Renewables, GRD Minproc, and Kirfield. AMEC also acquired Australian-based businesses Currie and Brown (Australia) and BurmanGriffiths and acquired a majority stake in S2V Consulting.
In 2011, the company acquired US-based BCI Engineers & Scientists, Inc., MACTEC, a US-based engineering consultancy company, and Zektin Group, an Australian-based specialist engineering consultancy for the oil and gas and resources industries. In January 2014, AMEC provisionally agreed a £1.9bn takeover of Swiss rival Foster Wheeler. AMEC completed its purchase of Foster Wheeler on 13 November 2014 and simultaneously changed its name to Amec Foster Wheeler plc. The acquisition coincided with a downturn in revenues from the oil and gas sectors, its primary clients, leading to crippling debt. The resultant financial difficulties led to the company's chief executive Samir Brikho stepping down.
Amec Foster Wheeler employed over 40,000 people in more than 55 countries, including Afghanistan, Australia, Azerbaijan, Brazil, Canada, Chile, China, India, Kuwait, Qatar, Peru, Poland, Turkey and the United States. The company had three geographic business units covering engineering and project delivery operations - Americas; Northern Europe & Commonwealth of Independent States; Asia, Middle East, Africa & Southern Europe - and one power equipment business unit operating worldwide - The Global Power Group.
AMEC's operations were structured until October 2012 into Natural Resources, Power & Process and Environment & Infrastructure.
AMEC's UK construction business was sold in 2007. Amongst its notable projects were: the Kielder Dam completed in 1982, the Cumberland Infirmary completed in 2001, the M6 Toll completed in 2003, new offices for HM Revenue and Customs at Longbenton completed in 2005, the Docklands Light Railway City Airport extension completed in 2005, the University College London Hospital completed in 2005 and the New York Times Building completed in 2007.
Amec Foster Wheeler supported children's charity SOS Children's Villages from 2007, funding educational projects in Asia. Amec Foster Wheeler also funded a green project in the Children's Village in Gwagwalada, Nigeria, enabling houses to become self-sufficient following the installation of solar power and water infrastructure.
Detailed engineering are studies which creates a full definition of every aspect of a project development. It includes all the studies to be performed before project construction starts. Detail engineering studies are a key component for every project development across mining, infrastructure, energy, pharmaceuticals, chemicals, and oil and gas sectors.
Detailed engineering is a service which is delivered for example by global engineering companies such as Outotec, Hatch, Amec Foster Wheeler, Ausenco, SNC-Lavalin, Techint and Jacobs Engineering.Detailed engineering follows Front End Engineering Design (FEED) and Basic Engineering previous steps on the engineering process for a project development, it contains in detail diagrams and drawings for construction, civil works, instrumentation, control system, electrical facilities, management of suppliers, schedule of activities, costs, procurement of equipment, economic evaluation and also environmental impacts before starting of construction of a project.
Detailed engineering is used for different stages and purposes in project development worldwide, whether it is a water treatment plant at OceanaGold Didipo gold-copper mine in the Philippines, a processing plant at Hochschild Mining Inmaculada silver mine in Peru, a molybdenum flotation plant at KGHM Sierra Gorda copper project in Chile, detailed engineering is a key component for every project development.Foster Wheeler
Foster Wheeler AG (formerly Foster Wheeler Inc.) was a Swiss global engineering conglomerate with its principal executive offices in Reading, UK and its registered office in Baar, Canton of Zug, Switzerland. Foster Wheeler was added to the NASDAQ-100 on 12 July 2007. On 13 November 2014 Foster Wheeler merged with Amec plc to form Amec Foster Wheeler. The resultant company was acquired by and merged into Wood Group in October 2017.John P. Connolly (businessman)
John Patrick Connolly (born 29 August 1950) is an English businessman. He is the chairman of two FTSE-100 companies, G4S and Amec Foster Wheeler. He was UK senior partner and chief executive of Deloitte in the UK until his retirement in June 2011.John Wood Group
John Wood Group PLC is a multinational energy services company with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.Leonard Fairclough
Leonard Fairclough (1853–1927) was a stonemason who founded Leonard Fairclough & Son which later merged with William Press Group to become AMEC, one of the United Kingdom's largest engineering businesses.Robin Watson
Robin Watson (born February 1967) is a British businessman from Campbeltown, Scotland. He is the chief executive (CEO) of Wood Group, a British multinational oil and gas services company headquartered in Aberdeen, Scotland. In October 2017, Watson became the CEO of Wood plc, which resulted from the acquisition of Amec Foster Wheeler by the Wood Group.
In October 2015, it was announced that Watson, who has worked for Wood Group since 2010, would take over as CEO in January 2016, succeeding Bob Keiller who had decided to retire.Watson is married with three children.Roy Franklin (geologist)
Roy Alexander Franklin, OBE, (born 1953) is the chairman of Cuadrilla Resources Holdings Limited and a board member of Norwegian oil and gas company Statoil. He is a non-executive director of Amec Foster Wheeler. He has a number of other executive appointments.Samir Brikho
Samir Yacoub Brikho FREng (born 3 May 1958), was Chief Executive of Amec Foster Wheeler, one of the UK's largest consultancy, engineering, project management and construction management businesses.San Rafael mine
San Rafael mine is a Minsur tin mining operation located in Puno region, Peru. San Rafael is the third largest tin producer worldwide currently producing 12% of the world's tin.San Rafael concentration plant capacity was expanding from 2,700 to 2,900 tonnes/day during 2014. Sandvik installed a CH440 Sandvik Hydrocone crusher, Gekko Systems installed two InLine Pressure Jigs.Amec Foster Wheeler on 2013 was in charge on getting approved the second amendment of the Environmental impact assessment for Tailings Dam Bofetal III project which includes the construction of the Larancota tailings deposit. The approval was granted by Peruvian Ministry of Energy and Mining on February 27, 2014 issuing the directorial resolution Nº100-2014-MEM/DGAAM.