AMEC acquires BDR

AMEC is to acquire Bower Damberger Rolseth Engineering (BDR) from its owner-managers for £22m in cash.

Canada-based BDR provides specialist technical engineering services to the fast growing ‘in-situ’ heavy oil, gas and oil production industries. In-situ deposits are those, which lie too far below the surface to be recovered by open-cast mining.

BDR’s capability in the ‘in-situ’ segment of the market is complementary to AMEC’s existing position and expertise in oil sands, where it operates in the provision of upstream engineering services and project management to the surface mining sector.

Of the initial payment, £5m is deferred over three years, and up to £17m is payable in five years time. Completion of the transaction is expected in May.