AMEC Plc, London, (London: AMEC) has acquired Australian engineering consultancy Zektin Group for AUD$48 million (approximately US$48.4 million) in cash.

The purchase price includes a payment of AUD$37 million (US$37.3 million) at closing with the balance due over the next two years.

Zektin provides front-end engineering design and engineering services to the oil and gas industry.

AMEC chief operating officer Neil Bruce says, "Acquiring Zektin is another important step in our growth strategy in Australia and in the oil and gas sector. The acquisition provides AMEC with oil and gas capability on the east coast of Australia, as well as access to the CSM sector, which is one of our target markets. I am delighted to welcome this team of professional consultants to AMEC."

The deal was expected to have closed in late February 2011.