Amec Foster Wheeler

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.

Head office of Amec Foster Wheeler in London (on the right)