Canadian Consulting Engineer

SNC-Lavalin completes acquisition of Kentz, adds 15,500 employees

On August 22, SNC-Lavalin Group of Montreal said it had completed its acquisition of Kentz Corporation. Kentz is a global company with 15,500 employees operating in 36 countries and providing services in the oil and gas sector. For the initial...

August 26, 2014   Canadian Consulting Engineer

On August 22, SNC-Lavalin Group of Montreal said it had completed its acquisition of Kentz Corporation. Kentz is a global company with 15,500 employees operating in 36 countries and providing services in the oil and gas sector. For the initial announcement, click here.

Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin’s current Oil & Gas business into Kentz’s operations. Christian Brown, Kentz’s chief executive officer, now becomes president, Oil & Gas of SNC-Lavalin Group. He will continue to be stationed in Houston, Texas and will report directly to Neil Bruce.

SNC-Lavalin paid £9.35 (C$17.13) per share for a total purchase price of approximately £1.2 billion (C$2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin’s offer at a meeting on August 11, 2014.

To read the SNC-Lavalin press release, click here.

To read about the history of Kentz, click here.


Print this page

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

*