AMEC has made an offer to buy NNC Holdings, the
The offer has been recommended by the Board of NNC and irrevocable acceptances have been received from shareholders holding 100% of the equity in issue.
The cost of the acquisition will be £25.3 million plus a net debt of around £12.7 million. The acquisition will be funded from AMEC’s existing banking facilities.
NNC, which employs around 1,000 people, provides engineering solutions and safety consultancy services throughout the life cycle of nuclear facilities in the
In the year ended
The acquisition will complement AMEC’s existing strength in the