Published Nov. 13, 2012
Terms of the acquisition were not released.
ServiTrade is based in Maputo, Mozambique, with additional locations throughout Africa. It supplies equipment, camp services, transportation and batch plant services to the infrastructure, mining, natural gas and power industries.
"One of our strategic growth initiatives has been to increase our presence in Africa, so Ameco took this approach to expand in the market and position early in this high-growth region," Ameco President Gary Bernardez said in a news release. "ServiTrade's long-term presence and high level of activity with Ameco's global accounts, stable economic factors and the desire to establish a sustainable presence in sub-Saharan and eastern Africa further solidified our decision."
Ameco provides mobile equipment, tooling and related services to construction, mining, government and industrial markets across the globe. Headquartered in Greenville, it has offices throughout the Americas and South Africa.