Caisse helps SNC-Lavalin close $3.6 bln takeover of WS Atkins
Canadian engineering and construction company SNC-Lavalin Group Inc (TSX: SMC) has completed its acquisition of WS Atkins plc, a British design, engineering and project management consultancy business. The deal, announced in April, was valued at about $3.6 billion. Montréal-based SNC-Lavalin said its combination with WS Atkins creates a new global entity with more than 50,000 employees and annual revenue of approximately $12 billion. Caisse de dépôt et placement du Québec helped fund the deal by providing SNC-Lavalin with a $1.5 billion loan and purchasing about $400 million in equity.
4 July 2017•6 mins read
