Amec Foster Wheeler plc was a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom.
[1][2] It was focused on the Oil, Gas & Chemicals, Mining, Power & Process and Environment & Infrastructure markets, with offices in over 55 countries worldwide.
[4][5] During the mid 1990s, the Norwegian engineering company Kvaerner negotiated with AMEC's board towards a potential acquisition of the latter; after talks broke down, the firm resorted to a hostile takeover bid.
[6][7] Kvaerner quickly purchased a 26% stake in the firm and presented AMEC's other shareholders with a single offer of £361 million for the outstanding shares.
[8][9] Around the same timeframe, AMEC made its own bid to merge with rival British construction firm Alfred McAlpine; however, the latter's board voted against the move.
[20] Then, in 2004, AMEC, as part of a joint venture with Fluor Corporation, was awarded a multi-year contract to assist in the reconstruction of Iraqi infrastructure following the 2003 invasion of Iraq;[21][22] while lucrative in the long run, the arrangement initially yielded little profit as well as being a slow revenue stream.
[45] AMEC also purchased Australian-based businesses Currie and Brown (Australia)[46] and BurmanGriffiths; furthermore, it acquired a majority stake in S2V Consulting.
Amec Foster Wheeler also funded a green project in the Children's Village in Gwagwalada, Nigeria, enabling houses to become self-sufficient following the installation of solar power and water infrastructure.
[75] On 1 July 2021, the Serious Fraud Office (SFO) entered into a Deferred Prosecution Agreement (DPA) with Amec Foster Wheeler Limited (AFWEL) relating to the use of corrupt agents in the oil and gas sector.