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Fluor’s AMECO subsidiary acquires construction services company in Mozambique

PM INDUSTRY NEWS

13 November 2012 – Irving, Texas, USA—Fluor Corporation has announced that AMECO, a unit of Fluor, has acquired ServiTrade, a Mozambique-based construction equipment rental and project services company. ServiTrade provides fully operated and maintained equipment, camp services, transportation, and batch plant services to the infrastructure, mining, natural gas and power industries with an execution model aligned with AMECO’s. Financial terms of the acquisition were not disclosed.

“One of our strategic growth initiatives has been to increase our presence in Africa, so AMECO took this approach to expand in the market and position early in this high growth region,” said Gary Bernardez, president of AMECO. “ServiTrade’s long-term presence and high level of activity with AMECO’s global accounts, stable economic factors and the desire to establish a sustainable presence in sub-Saharan and eastern Africa further solidified our decision.”

Founded in 1998, ServiTrade is one of east Africa’s premier project services companies for projects throughout the region. ServiTrade is based in Maputo, Mozambique, with additional locations throughout the country.

AMECO, a unit of Fluor Corporation, is a leader in integrated mobile equipment and tool solutions and has provided a wide range of services to construction, mining, government and industrial markets across the globe for over 65 years. The company is focused on three primary businesses–operations fleet services, construction site services and equipment distribution. Headquartered in Greenville, South Carolina, USA, AMECO has office locations throughout the Americas and South Africa, as well as project locations worldwide. For more information, visit www.ameco.com.

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world’s most challenging and complex projects. Founded in 1912, the is celebrating its 100th anniversary during 2012. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, and maintenance and project management. Headquartered in Irving, Texas, USA, Fluor is a FORTUNE 200 company with revenue of $23.4 billion in 2011.  For more information, visit www.fluor100.com and www.fluor.com

Source: Fluor Corporation