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Kentech to buy SNC-Lavalin's oil and gas business

  Irish-founded engineering company Kentech is buying Canada-based SNC-Lavalin’s oil and gas division, boosting its sales to $1 billion (€820 million) and reuniting parts of the old MF Kent group. SNC Lavalin put its oil and gas business up for sale to allow it focus on engineering services after the Toronto-listed group sustained heavy losses. Kentech Corporate Holdings confirmed that it was buying the division. Chief executive John Gilley said the deal would boost the company’...
Abu Dhabi Abuz Aby United Arab Emirates John Gilley Kentech Corporate Holdings Abu Dhabi National Oil Company

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