AMECO Acquires Africa-Based ServiTrade
IRVING, Texas -- November 12, 2012
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
“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
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, 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
100^th 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.
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222
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