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SNC-Lavalin Group Inc to acquire Kentz Corp Ltd


Monday, 23 Jun 2014 06:41am EDT 

SNC-Lavalin Group Inc:Reached an agreement with Kentz Corporation Ltd (Kentz), approved by boards of directors of both companies.Agreement on terms of cash acquisition by which entire ordinary share capital of Kentz--issued and to be issued--will be acquired by SNC-Lavalin.Proposed acquisition of Kentz is fully aligned with SNC-Lavalin's strategy of becoming global Tier-1 engineering and construction (E&C) services firm.Acquisition also meets strategic priority of balancing Co's risk profile by significantly raising pct of revenues it derives from services.Acquisition also meets strategic priority of balancing Co's risk profile by significantly raising pct of revenues it derives from services. 

Company Quote

30.0963
1.7763 +6.27%
28 Aug 2015