AFRY expands mining capabilities with AMC acquisition

European engineering firm AFRY announced its acquisition of AMC Mining Consultants, a specialized mining services provider, in Stockholm on May 15, 2023, to significantly expand its capabilities in the global mining sector and strengthen its position in resource development projects worldwide. AFRY, a leading Nordic engineering and design company, has finalized the acquisition of AMC Mining Consultants, a globally recognized mining engineering firm with expertise in mineral resource evaluation and mine planning. The acquisition comes as demand for mining services increases globally, driven by the transition to green energy and the need for critical minerals. Financial terms of the deal were not disclosed, but industry analysts estimate it to be valued at approximately €150 million. The expanded entity will combine AFRY's extensive experience in infrastructure and industrial projects with AMC's specialized mining expertise, creating a comprehensive service offering from exploration through to mine closure. This strategic move positions AFRY to better serve clients in the rapidly evolving mining sector, particularly for projects related to lithium, cobalt, and other critical minerals essential for renewable energy technologies.