Pinsent Masons advises on AMEC's acquisition of Serco nuclear services business

29 Jun 2012 | 10:19 am |

International law firm Pinsent Masons LLP has advised AMEC plc, the international engineering and project management company, on the acquisition of Serco Group plc’s nuclear Technical Services (TS) business for a cash consideration of £137 million.

TS is based at a number of sites in the UK and has around 600 staff providing consulting and project solutions for customers including the Ministry of Defence, EDF, Magnox and the Nuclear Decommissioning Authority.

 Mike Saunders, President of AMEC’s Power & Process Europe business, added: "This is an exciting opportunity to combine the world-class skills of two businesses that are renowned both for their safety culture and for delivering to their customers. It further demonstrates our commitment to growth in this sector and strengthens AMEC’s position on the global stage.”

 TS had revenues of some £70 million in 2011 and its earnings before interest, tax and amortisation were c. £13 million. It will be integrated into AMEC during 2012 and is expected to be earnings enhancing from 2013. It is targeted to achieve its weighted average cost of capital by the second full year.

The Pinsent Masons team advising AMEC was led by Helen Ridge and Anna Whetham and included Amie Norris, Jon Robinson and Phil Birchall.

Helen Ridge commented "We are delighted to have supported AMEC again on a strategic acquisition as it continues to expand its clean energy business".

Iain Clarkson, Vice President Finance, AMEC Power Process Europe added "Pinsent Masons have yet again been an integral part of our team providing pragmatic commercial advice and supporting us to deliver the deal on time".

Key Contacts

Helen Ridge

Helen Ridge

Partner, Head of Office, Manchester

View Profile

Latest press releases

Show me all press releases

CATS pipeline £40m Court of Appeal dispute

Multinational law firm Pinsent Masons has advised the owners of the Central Area Transmission System (CATS) gas pipeline in the North Sea on a landmark contractual dispute case heard in the Court of Appeal.

Dispute Resolution Group appoints partners in Munich

Multinational law firm Pinsent Masons has appointed partners Johanna Weißbach and Christian Schmidt as litigation partners in their Dispute Resolution Group in Munich, where they will both focus on clients within the Financial Services and Advanced Manufacturing & Technology sectors.

Pinsent Masons announces 2020 partner promotions

Multinational law firm Pinsent Masons has announced 17 new partners in its 2020 promotion round as it promotes outside of traditional legal services for the first time.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Zurich on the sale of its UK Retail Wealth business

International law firm Pinsent Masons has advised Zurich, the global insurance provider, on the sale of its UK Retail Wealth business to Embark Group.

Pinsent Masons advises SR Smith on its acquisition of Sunbather

International law firm Pinsent Masons has advised S.R. Smith on the acquisition of Sunbather.

Pinsent Masons appoints new partner to enhance property and real estate expertise in France

Pinsent Masons has hired real estate expert Denis Charles, as partner in its Paris office.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts