Ricardo-AEA

Ricardo-AEA Ltd, trading as Ricardo Energy & Environment,^[1] is a UK-based engineering company. It was formed on November 8, 2012, when Ricardo acquired the business, operating assets and employees of AEA Technology Plc (also known as AEAT and AEA Europe) for £18 million.

At the time, AEA Europe's operational staff numbered around 400, located at five UK sites. After the merger, AEA continue under the leadership of Robert Bell, reporting to Martin Fausset, managing director of Ricardo UK. In 2012, the assets acquired generated annual revenues of £39 million and delivered profit margins similar to those of the rest of the Ricardo group.^{[citation needed]}