Fluor divests AMECO

Fluor recently announced it has sold off its equipment and fleet service business, AMECO North America, for US$73 million. 

The buyer was One Equity Partners.

Fluor’s divestment in AMECO has been in process for a while; it first announced it would divest the company in September 2019 and went on to sell the AMECO Caribbean business in August 2020.

It is also actively marketing the remaining elements of the group, including its remaining AMECO South America and ServiTrade Mozambique operations.

Fluor said it will continue working together with AMECO in the U.S. and Canada.

No information was provided on an effective closing date. 

Source: Fluor 

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