What will happen to contracts signed under SNC-Lavalin’s legal entities following the transaction?
All contracts that we acquire through the acquisition will be honoured and none of our clients will be impacted by the acquisition.
Will there be any interruption to services or project delays due to the transaction?
No, we do not expect any interruption in service, as we have planned meticulously for assimilating the acquired assets and we foresee a seamless integration.
What new services will you be offering me following the acquisition that you were not offering before?
Our customers will enjoy an improved range of services following the integration, including new offerings in EPC capability and renewable / clean power.
Will there be any changes to the costs of my service as a result of the integration?
There will be no additional fees related to existing contracts.
How long will the integration process take? When will I know when it begins and when it ends?
We expect this acquisition to be completed by H1 2021 and we will communicate regular progress updates as we reach milestones.
Will the same teams be managing existing projects?
Absolutely. Our teams will not be changing on existing projects.
Is there a cultural integration risk of combining the acquired business with Kentech?
Considering our shared history, heritage and ambition, our complementary businesses are focused on providing clients with a full suite of services in an agile and responsive manner.
Furthermore, senior leadership will be drawn equally from both sides of the transaction to ensure a smooth transition into a single organisation with a common strategy and operational structure.
You had a great business model before, why change something that resulted in great customer service?
This acquisition reinforces the company’s position as a top tier asset services provider in the global energy sector, meeting our clients’ needs across the full asset lifecycle and transition strategies.
We will provide the full suite of services through the lifecycle of an asset. This takes in upstream, midstream, and downstream industries, in addition to the growing needs for energy transition. We will be able to fully service all elements of capital and operational expenditures, design and build, commission and start-up through to modification, maintenance and turnaround, as well as decommissioning services.
We now offer a truly global footprint, reaching into the Americas, Europe and the Caspian, the Middle East & Africa and Asia-Pacific, providing a solid platform to expand further into more emerging energy markets.
We chose to work with Kentech because they are known to be a nimble and agile organisation, I am worried that the bigger you get the less personalised your service will become.
Our competitive edge comes from a commitment to hiring and retaining top talent and nurturing an agile and entrepreneurial client facing culture, unencumbered by legacy structures. Our people will be empowered by a robust governance framework to make decisions close to the client interface, so that we can respond quickly and effectively to client requirements. Furthermore, we are not encumbered by the large overheads, which are often associated with our competitors in this sector.
Will there be any change to the way I make payments to you? Will your banking details change?
Any changes to the way you make payments to us will be communicated to you in a timely manner.
Is there a chance the combination will not happen? If it does not, what will happen to the company?
We expect a smooth process to completion of the transaction in the first half of 2021. If for any reason the acquisition does not go ahead, the two businesses will continue as separate organisations.
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