Financial Times FT.com

Amec spends £52m on GRD

By David Fickling

Published: July 20 2009 20:35 | Last updated: July 20 2009 20:35

Engineering contractor Amec has bought Australian engineering group GRD, which specialises in the mining and waste sectors, for A$106m (£52m) in cash, in a deal that will give the FTSE-100 company its first significant positions in east Asia and Africa.

Amec, which provides engineering and construction services for clients including BG and BP, made a conditional offer for GRD in June.

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