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Sun February 28 2021

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SNC-Lavalin buys Kentz

24 Jun 14 SNC-Lavalin has reached an agreement to acquire oil and gas services company Kentz Corporation Limited.

The transaction has been approved by the boards of both companies and involves the acquisition of the entire ordinary share capital of Kentz.

Kentz has 14,500 employees operating in 36 countries who provide engineering, construction and technical support services to clients in the oil and gas sector.

The proposed acquisition is in line with SNC-Lavalin’s strategy of becoming a leading global engineering and construction player in the sector, with a greater presence in key growth regions, including the Middle East, North America and Asia Pacific. The acquisition also meets the strategic priority of balancing the company’s risk profile by significantly raising the percentage of revenues it derives from services.  

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