AMEC Acquires Qedi Group In US$53.1MM Deal
Acquired completions and commissioning services co.
AMEC Plc, London, (London: AMEC) has acquired The Qedi Group, a privately held Aberdeen-based completions and commissioning services firm, for £33 million (US$53.1 million) in cash.
The purchase price included a payment of £29 million (US$46.7 million) at closing, with the balance to be paid over the next two years.
AMEC chief operation officer Neil Bruce says, "Our capability, geographic coverage and customer relationships, combined with [Qedi]'s specialist technology and expertise, provide us with the ability to deliver integrity across the whole life-cycle of a project for our customers."
Qedi, which has more than 350 employees, developed project management software called Go Technology®.