SNC-Lavalin denies ‘rumours’ it’s kicking tires on Kentz Corp.
by The Canadian Press
Kentz has 14,500 employees and provides engineering and construction services to blue chips clients in the oil and gas, petrochemical and mining and metals sectors.
MONTREAL—SNC-Lavalin is reported to be among the global engineering companies interested in acquiring Irish oil and gas engineering firm Kentz Corp.
Published reports say Kentz has been approached by several companies, including AMEC, Germany’s M&W and SNC-Lavalin.
However, the Montreal-based company says it won’t comment on “rumours” and an industry analyst said he doesn’t think SNC-Lavalin is in a position to contemplate a $1.3-billion acquisition until it resolves its ethical issues.
Kentz currently has three operations in Canada, all in Alberta’s oil patch: It provides procurement and other services at Imperial Oil’s Kearl lake Oil Sands Project north of Fort McMurray; it has designed and maintains the telecom operations at Kearl lake; performing the mechanical, electrical and instrumentation work for the relocation of two ore preparation plants from Syncrude’s Aurora East Pit Mine to its Fort Hills Mine site.
Founded more than 90 years ago, Kentz group has 14,500 employees and provides engineering and construction services to blue chips clients primarily in the oil and gas, petrochemical and mining and metals sectors.