AMEC Acquires Chilean Engineering Company CADE-IDEPE

AMEC, the international engineering and project management company, announces that it is to acquire CADE-IDEPE, the largest independent Chilean engineering services company.

CADE-IDEPE, which employs 540 people and is based in Santiago, Chile, provides engineering solutions for Natural Resources and Power and Process clients in Chile and throughout South America. It has been a close partner of AMEC's for the past thirteen years.

"This strategic and exciting acquisition will provide AMEC with both a high quality engineering base in the fast growing South American market and a high-value engineering center to support our rapidly growing Natural Resources and Power and Process businesses in North America," said AMEC Chief Executive Samir Brikho. "This is consistent with our strategy of seeking capacity and geographical expansion within our core energy, power and process markets."

"CADE-IDEPE's strong client relationships in Chile and the rest of South America will complement AMEC's existing strength through its offices in Santiago and in Lima, Peru," said Tim Gelbar, President of AMEC's Industrial Americas business. "Together we can grow more quickly, working on local and international projects and serving the global needs of our key clients."

"AMEC has worked closely with CADE-IDEPE engineers on numerous projects and we have seen first hand the high quality work produced. Our people all work well together and we look forward combining our resources to help serve the rapidly growing global mining market," said Bob Stanlake, Vice President and General Manager of AMEC's Mining and Metals division.

"We are excited to join AMEC," said Lautaro Carcamo Zilveti, President of CADE-IDEPE. "We have enjoyed a long and profitable relationship with AMEC and we see opportunity to continue growing our domestic business and becoming more active in exporting our services internationally."

AMEC is recognized internationally for its high-value consultancy, engineering and project management skills. The addition of CADE-IDEPE further illustrates the firm's commitment to serving the global needs of their key clients. Integrating CADE-IDEPE with AMEC's existing operations in Santiago will make AMEC the largest engineering firm in Chile with over 900 employees.