Acquisition

Speedy Hire PLC
09 January 2008

                                                                  9 January 2008


                                Speedy Hire Plc

                          ('Speedy Hire,' or 'Speedy')

               Acquisition of AMEC Logistics and Support Services

Speedy Hire announces that it has strengthened its association with AMEC plc
through the acquisition of the tool and equipment hire business of AMEC
Logistics and Support Services Limited ('LSS').  LSS is AMEC's single point of
supply for the provision of hire assets including tools, lifting equipment,
general plant, temporary accommodation units and survey equipment.

LSS operates from 10 UK depots and has approximately 250 full time employees.
Upon successful completion of the consultation process with employee
representatives these employees would transfer to Speedy.

Total consideration payable in cash will be £12.5 million.  Working capital,
cash, and debt are not being acquired with the assets.  Completion is expected
to take place on 1 February 2008.

As part of the transaction, AMEC's Industrial division has entered into a four
year exclusive supply agreement with Speedy to provide for hire a wide range of
equipment in a variety of industrial related sectors. A preferred supplier
agreement has also been established for other UK AMEC divisions.


Steve Corcoran, Chief Executive said:

'We are very pleased to have acquired the LSS business which will further
enhance our already strong relationship with AMEC. The securing of a four year
trading agreement will enable both organisations to maximise supply chain
opportunities whilst assisting AMEC in its drive for operational excellence in
the key areas of health and safety compliance and quality assurance.

We are also pleased to welcome those employees who will be joining Speedy as a
result of the acquisition.'

                             www.speedyhire.plc.uk


For further information:

Speedy Hire Plc                             Hudson Sandler
Mike McGrath, Commercial Director           Nick Lyon / Wendy Baker / Kate Hough
Tel:  [phone]                         Tel:  [phone]


Notes to editors:

Speedy Hire Plc

Speedy is the UK's No.1 provider of tools and equipment for hire.  The Company
operates from over 500 depots throughout the UK.  The Group also operates in the
Republic of Ireland.

The Group's activities are the provision for hire of small tools, portable
accommodation, compressed air, pumps, lifting, material handling, survey and
measurement instrumentation and power generation equipment.


AMEC plc

AMEC plc is a focused supplier of high-value consultancy, engineering, and
project management services to the world's energy, power and process industries.
With annual revenues of over £2.2 billion, AMEC designs, delivers and maintains
strategic and complex assets for its customers.  AMEC's Natural Resources, Power
and Process and Earth and Environmental businesses employ approximately 19,000
people in more than 25 countries globally. AMEC shares are traded on the London
Stock Exchange where the company is listed in the Oil Equipment and Services
sector (LSE: AMEC.L).



Internet users will be able to view this announcement, together with other
information about AMEC plc, at the company's web site www.amec.com.




                      This information is provided by RNS
            The company news service from the London Stock Exchange