Kentz , which provides engineering, construction management and technical support services to clients in the oil and gas sector, has 15,500 employees operating in 36 countries and the acquisition. The transaction - announced in June - creates a group with approximately 45,000 employees, annual revenues of about CA$10bn (£5.5bn) and an order backlog of roughly CA$13bn.
“SNC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today,” said Robert Card, president and CEO of SNC-Lavalin Group. “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.”
Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin’s current oil and gas business into Kentz’s operations.
“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,” said Christian Brown, Kentz’s chief executive officer, who now becomes president, oil and gas, at SNC-Lavalin Group.