AMEC to buy Australian engineering group GRD Ltd for A$106 mln in cash
Engineering group AMEC PLC (LSE: AMEC) said it has signed an agreement for the acquisition of leading Australian peer GRD Ltd (ASX: GRD) for A$106 million in cash.
GRD is based in Perth and employs 850 people globally. Its main business is GRD Minproc, an engineering and project delivery business specialising in the design, procurement and construction of mineral projects, with primary operations in Australia, Africa and South America. GRD also owns Global Renewables, a development company specialising in the recovery of resources from municipal solid waste.
It is expected that the transaction will become effective around mid-October 2009.








