SNC-Lavalin Acquires Engineering Firm in Colombia
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 now active in the Colombian and Latin American markets."
With the addition of Itansuca, SNC-Lavalin now numbers approximately 1,150 employees in Colombia, including over 150 working in the infrastructure sector from its current office in Bogota. It has over 4,000 employees in Latin America and nearly 24,000 worldwide.
(TSX:SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries.
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