Amec Foster Wheeler will be involved in global engineering, project delivery, asset support, power equipment and consultancy following of the 5 billion pound($A9.01 billion) merger.
The new company will have a skilled workforce of over 40,000 in more than 50 countries, 2013 annualised scope revenues of 5.5 billion pounds, a 6.3billion pound order book and generated pro-forma trading profits of 521 million pounds in 2013.
Amec Foster Wheeler will design, deliver and maintain strategic and complex infrastructure assets across a range of markets, with a strong presence across the onshore and offshore oil and gas value chain from production, through processing, gas monetisation, midstream, oil refining and chemicals.
It will also be a major player in the mining, clean energy, power generation, environment and infrastructure markets, using its increased scale to widen and deepen customer relationships; and it will be a leading designer, fabricator and supplier of advanced boiler systems for the power generation and industrial markets.
The combination strengthens its already considerable positions in North America and Europe and further enhances its established presence in growth markets of the Middle East, Asia and Latin America.
Amec Foster Wheeler has more entrenched market presence and penetration prospects and will also enjoy a broader spread of customers among both independent oil majors and the world's national oil companies.
Based on 2013 pro-forma numbers, 56% of its revenues came from oil and gas, 19% came from clean energy, 9% from environment and infrastructure, 8% from the global power division and 8% from mining.
The engineering and project delivery operations will be managed through three geographic business units: Americas; Northern Europe and Commonwealth of Independent States; Africa, Middle East, Asia and southern Europe. Global Power Group, the power equipment business, will operate across all regions.
All four business units will be supported by a global strategy and business development function – focused on the development of market and regional strategies, customer relationship management and business acquisition, and a project delivery function – to “assure and drive project excellence” and leverage Amec Foster Wheeler's global talent and experience.High value execution centres and centres of expertise will support this activity.
The new entity will be all headed up by CEO Samir Brikho, with group presidents Simon Naylor (Americas), John Pearson (northern Europe and CIS), Roberto Penno (Africa, Middle East, Asia and southern Europe) and Gary Nedelka (Global Power Group) all reporting to him.
"In creating our new company we are building on the proud heritage, skills and customer relationships of two already successful and highly respected businesses,” Brikho said.
“With our strong management team and talented workforce, we will not only serve our customers better, but can also offer our highly skilled employees even better career opportunities. I am proud to be leading the combined business into a new phase of growth.”
