SNC-Lavalin completes $2bn Kentz acquisition

SNC-Lavalin Group has announced that it has completed a $2bn acquisition of Kentz Corporation, the engineering firm specialising in the energy sector. An offer was first put forward in July. 

The transaction creates a group with approximately 45,000 employees and annual revenues of about $9bn, plus a backlog of roughly $12bn as per 2013 figures.  

The combined company will have a strong position in growth markets, including the Middle East, North America, Latin America and Asia-Pacific, company officials say. 

Robert Card, president and CEO of SNC-Lavalin Group, said "We expect that our combined capabilities will give us one of the best broad-based service offerings in the E&C industry, while expanding our presence in key growth markets." 

Neil Bruce, President, Resources, Environment & Water at SNC-Lavalin, said "We will be bringing together the best capabilities of our two firms for the direct benefit of our clients." 

Kentz will be incorporated into SNC-Lavalin while integrating SNC-Lavalin’s current oil and gas business into Kentz’s operations. 

Christian Brown, Kentz’s former CEO, said "Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects, and enhance our access to new geographies in both North America and Latin America." 

Brown will become President of Oil & Gas, at the SNC-Lavalin Group. 

Kentz has 15,500 employees operating in 36 countries, it provides engineering, construction management and technical support services to clients in the oil and gas sector.

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