AMEC in talks over potential acquisition of Serco's nuclear division

23 May 2012

International engineering and project management company, AMEC, has announced that it is in discussion with Serco Group plc about the acquisition of Serco’s nuclear Technical Consulting Services (TCS) business.

TCS provides consulting and project solutions primarily to the UK civil and defence nuclear markets and has annual revenues of approximately £70 million.

Commenting on the potential deal, Mike Clancy, general secretary designate said: "Both organisations have well-earned reputations in the nucelar industry and the combined forces of the two highly-skilled workforces will provide opportunities for growth that will help ensure AMEC's place as a leading global energy services company."

AMEC says there is no certainty that a transaction will proceed, and that a further announcement will be made in due course.

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