About The Acquisition

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Distinctive Strengths, Shared Ambitions

In April 2020 when the COVID-19 pandemic struck the globe, we made a promise to our people that we would not only survive as a company but emerge better, stronger and faster than our would-be competitors. We have honoured that commitment, and gone further.

On 9th February 2021, we announced the acquisition of SNC-Lavalin’s oil and gas business. It is a landmark deal and testament to the efforts of all parties involved, which is expected to be completed in the first half of 2021. It reinforces our ambition as an exceptional company to work for and with and positions us as a leading integrated energy services company.

We will immediately benefit from a strong and diversified combined roster of blue-chip clients in the energy space, with a backlog of US$1.1 billion of work on hand.

With an enviable track record on some of the world’s most complex and ambitious projects, the enlarged company will compete for prime new projects in the global arena, confident in its financial strength and full range of specialist expertise.

To help answer any further questions you may have, please visit our Frequently Asked Questions page.

We will provide regular updates over the coming months as we work through the transaction phase but please make sure to follow our social media pages to keep fully up to date LinkedIn | Facebook | Twitter | YouTube

Kentech Oil & Gas aquisition

Kentech's CEO speaks about this ground breaking transaction

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SNC-Lavalin’s Resources Division includes people and assets brought together through their acquisition of the Kentz and other energy services businesses in recent years. Our complementary businesses will join forces, creating a stronger offering across the full asset life cycle – from consulting to design and build, commissioning and start-up, through to maintenance, modification and turnaround, as well as decommissioning services.

Combined, we will offer a truly global footprint, reaching across key countries in the Americas, Europe and the Caspian, the Middle East & Africa, Russia and the Asia-Pacific region, this transaction enables the company to deliver its best in class services to clients across all global energy markets.

This further strengthens our pool of specialist talent, geographical reach, and the robust balance sheet to compete for premium contracts covering complex and technical projects. By investing now, we are strategically positioning the company to take advantage of the next cycle of growth.

With a backlog of US$1.1 billion of work on hand and a sales pipeline of more than US$7 billion, we will achieve our Engine for Growth Strategy three years ahead of schedule.  This in turn gives us a greater platform for ambition and growth, for both our business and for our employees.

Also, we are actively addressing the challenges of the global energy transition and this acquisition has given us an entry point to realise our long-held ambitions to become a significant player in this space. It is an area of business that our clients will be investing heavily in as the world moves towards a cleaner and greener future.

Kentech Oil & Gas aquisition

Want to know more about what life is like at Kentech? Visit our Humans of Kentech blog or have a listen to our Spark Generation podcast.

For regular updates on the Integration progress, please visit our news section under Integration Updates. Our most recent update can be seen here.

What excites me the most about this acquisition is the prospect of combining, and in some cases reuniting, the professional men and women of our two companies and working with them to reset and transform our way into a very bright future.

John Gilley, CEO

This landmark deal creates a business with projected revenue of US $1 billion in 2021 and a robust balance sheet. With a track record on some of the world’s most complex and ambitious projects, we are perfectly placed to help our clients wherever in the world they need us.

Ben Jones, CFO

Successful integrations are born out of making meaningful relationships built on trust even in times of change. At Kentech we excel at change. When we complete the transaction, I am confident our combined teams will show passion and commitment to build strong foundations and drive new, future initiatives together.

Les Cox, HSSEQ Director

We continue our journey as a diverse, high-performing, global organisation that attracts and nurtures talent and expertise. That will mean putting the right people in the right roles and providing the career opportunities that make the most of our combined skills, knowledge, and experience.

Sharon Paul, Group Human Resources Director

By investing now, we are strategically positioning the company to take advantage of the next cycle of growth as well as actively addressing the challenges of the global energy transition.

John Kent, Group Business Development Director

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On Tuesday 9th February 2021, we announced an agreement to acquire the oil & gas business of SNC-Lavalin’s Resources Division.

This business includes people and assets brought together through their acquisition of the Kentz and other energy services businesses. This transaction marks an exciting, ground-breaking development for Kentech to reinforce our position as a leading integrated energy services provider and introduces us to the renewable / clean power marketplace. We now move forward together with a global network of more than 10,000 professionals united by a commitment of common values and strong partnerships with clients from across the world.

By investing now, we are strategically positioning the company to take advantage of the next cycle of growth.

Our complementary businesses will join forces, creating a stronger offering across the full asset life cycle – from consulting to design and build, commissioning and start-up, through to maintenance, modification and turnaround, as well as decommissioning services.