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 - - creates a group with approximately 45,000 employees, annual revenues of about CA$10bn (拢5.5bn) and an order backlog of roughly CA$13bn.
鈥淪NC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today,鈥� said Robert Card, president and CEO of SNC-Lavalin Group. 鈥淲e 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.鈥�
Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin鈥檚 current oil and gas business into Kentz鈥檚 operations.
鈥淛oining 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,鈥� said Christian Brown, Kentz鈥檚 chief executive officer, who now becomes president, oil and gas, at SNC-Lavalin Group.