Fluor Corporation (NYSE: FLR) announced today 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.
About AMECO
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,
AMECO has office locations throughout the Americas and South Africa, as
well as project locations all over the globe. For more information,
visit www.ameco.com.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222