London, UK,
30
November
2016
|
08:00
Europe/London

Amec Foster Wheeler and Tecnatom sign nuclear industry collaboration agreement

Newsfacts:
  • Complementary skills will enhance services to reactor operators, nuclear new build and advanced research

Amec Foster Wheeler announces today that it has signed a collaboration agreement with Tecnatom SA, under which the two companies will work together to create an enhanced offering for customers in the nuclear industry.

The agreement covers equipment and materials qualification, non-destructive testing, remote handling, and training services.

We have identified specific areas where the capabilities of the two companies are complementary and where Amec Foster Wheeler and Tecnatom will jointly be able to offer better solutions to customers’ challenges and create new opportunities for growth.

Drawing on our considerable experience of deploying engineering solutions at power plants, our combined expertise covers all major reactor technologies and advanced research, including fusion.
Greg Willetts, Vice President for Consultancy, Amec Foster Wheeler's Clean Energy business
This agreement strengthens the position of both companies in the international arena, allowing us to offer advanced solutions which are tailored to clients’ needs and enhanced by our combined experience and global reach. The nuclear market demands integrated solutions to improve safety and efficiency and the agreement we have signed will enable us to create value to our clients’ facilities.
Francisco Javier Guerra, Chief Executive Officer of Tecnatom
Notes to editors

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

Employing around 36,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.

Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

Tecnatom is based in Madrid and operates internationally in more than 30 countries, providing a range of services to the nuclear industry including critical component inspection, training for operators, design and supply of full-scope simulators and control rooms, as well as plant operating assistance engineering.

Forward-Looking Statements

This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.