SPIE Acquires Amec's FM Business

Amec has agreed to sell its building services and facilities services (BFS) division to SPIE for £117 million. Completion is expected to take place by mid- September, once the consultation process with employees in the UK and France has been completed.

The deal which follows the sale of its building and civils business to Morgan Sindall means that all four of Amec's principal non-core businesses have now been sold. The sales have raised over £300 million.

AMEC Chief Executive, Samir Brikho, said the deal brings Amec closer to delivering its commitment to a six per cent margin in 2008.

BFS provides multi technical engineering services from initial design, through construction, mechanical and electrical installation services, to long-term hard FM services across a wide variety of market sectors for clients with specialised requirements for highly engineered facilities. An example is the provision of mechanical and electrical systems at London Heathrow Airport's Terminal 5. BFS operates from a UK branch network incorporating Glasgow, Edinburgh, London, Birmingham, Bristol and Manchester.