DCN ARCHIVES
May 9, 2008
AMEC strikes deal to acquire Bower Damberger Rolseth Engineering
CALGARY
AMEC plc, an international engineering and project management company, says it has struck a deal to acquire Bower Damberger Rolseth Engineering Ltd., a specialist in-situ oilsands operations, from its owner-managers for $45 million in cash.
Calgary-based Bower Damberger provides specialist technical engineering services to the fast growing in-situ heavy oil, gas and oil production industries.
The company has 85 employees and focuses on thermal recovery of in-situ oil through its steam assisted gravity-drainage methods.
In-situ deposits are those which lie too far below the surface to be recovered by open-cast mining.
Canadian Press
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