Built to inform

Sign up for the daily newsletters

No, Thank you

SNC Lavalin completes Kentz takeover

Canadian firm says takeover will 'transform' oil & gas capabilities

NEWS, Business, Kentz, SNC Lavalin, Takeover

Canadian engineering firm SNC Lavalin has completed its $2.1bn takeover of Irish engineering group Kentz, which is a specialist in the oil & gas market.

The deal creates a firm with a combined workforce of 45,000, revenues of $10bn and a project backlog worth around $13bn.

Both firms have significantly grown their Middle East operations over the past 12 months. SNC Lavalin, which is working on the Yanbu refinery upgrade, opened a new regional headoffice in Abu Dhabi in February, while Kentz has opened offices in Dubai and in Doha over the past 12 months.

Robert G Card, president of SNC Lavalin, 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."

The firm added that the deal would transform its ability to deliver complex projects in the oil & gas markets. Kentz's CEO, Christian Brown, will now become president of SNC Lavalin's oil & gas division.

He said: "Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects."

Most popular


Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to


Leaders UAE 2019: ALEC, CSCEC ME, Arada bosses on diversification
EXCLUSIVE: Kez Taylor, Sachin Kerur, Elie Mrad, and Grigoris Christofides share insights at Leaders UAE

Latest Issue

Construction Week - Issue 749
Sep 15, 2019