Amey and Comax to join forces

Amey has acquired the entire issued share capital of support services provider Comax, in a deal worth £86 million.

Comax, a spin-off from the government's defence agency, is being bought from venture capital group Cinven, who have owned the company since 1997.

With a client portfolio of including Norweb and National Westminster Bank, the company will assist Amey in its campaign to be recognised as a broad-based support services group.

Neil Ashley, chairman of Amey, is delighted: "Amey and Comax are to join forces. This will serve to increase Amey's scale and range of product offerings and propel us into the premier support services league," he said.