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SNC-Lavalin Acquires Engineering Firm in Colombia

Source: www.gulfoilandgas.com 1/12/2011, Location: South America

SNC-Lavalin is pleased to announce its acquisition of Itansuca Proyectos de Ingenieria S.A., an engineering firm of 1,000 professionals and administrative staff in the energy sector based in Bogota, Colombia.

Since 1989, Itansuca has been offering energy consulting, project management, electromechanical installation, design and supervision services from its Bogota head office and 21 other locations around the country to clients in Colombia and in a number of other countries around the world. The word itansuca comes from the indigenous Chibcha language meaning to make a path.

"Our acquisition of Itansuca marks an important milestone in our ongoing strategy to develop, invest in, and establish a long-term local presence in key Latin American markets where we see enormous potential to grow our multi-product portfolio and maximize our synergies in the fields of energy, infrastructure, oil and gas, and mining and metallurgy," said Riadh Ben Aïssa, Executive Vice-President, SNC-Lavalin Group Inc. "We are delighted to welcome Itansuca into the SNC-Lavalin family as they share our strong values related to quality work and the importance of our employees. Itansuca also enhances the services we can offer to a number of our long-term clients active in the Colombian and Latin American markets."

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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