Issue 27 – SNC-Lavalin Is Now on Top of The World
On July 3, 2017, SNC-Lavalin Group Inc (TSX: SNC) announced that it successfully completed its acquisition of WS Atkins PLC (Atkins). When combined, the firm will become a global player. The combination will enhance its presence in the rail, transportation, nuclear and energy infrastructure industries all over the world. It will also allow SNC to expand its tentacles into new geographical markets where it is not currently present and create cross-selling opportunities; which should lead to selling and revenue synergies. We are excited as this acquisition starts a new chapter for an old legacy business that needed a bit of a jolt. We are confident that SNC will be able to execute on the synergies as it has a track record of over-delivering on these types of transactions.