MONTREAL, October 4, 2011 /PRNewswire/ --
SNC-Lavalin (TSX: SNC) is pleased to announce that it has
acquired Interfleet Technology, an international rail technology
consultancy group headquartered in Derby,
United Kingdom.
Interfleet specializes in rolling stock, railway systems, and
strategic railway management and is well-known for its detailed
understanding of both national rail systems and international
best-practice.
"Interfleet's specialized expertise, complementary geographic
presence and reputation for innovation are a strong addition to
SNC-Lavalin's service offering, particularly given the great growth
potential in the rail sector worldwide," said Jim Burke, Executive Vice President, SNC-Lavalin
Group, "This acquisition, combined with our existing expertise in
major rail projects, supports our long-term strategic plan for
growth in this sector. We are pleased to welcome Interfleet to the
team."
Founded in 1994 during UK rail privatization, Interfleet has
grown during the last 15 years from a single UK office of 90
employees to almost 600 staff in 22 locations. Interfleet serves
public and private clients around the world from its offices in
United Kingdom, Scandinavia,
Central Europe, Australasia,
India and North America.
"The acquisition represents the best way to assure the future
growth and development of the company," said David Rollin, Managing Director, Interfleet
Technology, "Interfleet and SNC-Lavalin have a complementary
geographical reach and our company cultures and respective
strategic plans are aligned. Together we will be able to provide an
even wider range of resources, capabilities and services to our
clients in future".
SNC-Lavalin 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. In
business since 1911, the Company celebrates its 100th
anniversary in 2011. http://www.snclavalin.com.
For further information:
Media:
Leslie Quinton
Vice-President, Global Corporate Communications
SNC-Lavalin Group Inc.
+1-514-393-8000, ext. 7354
leslie.quinton@snclavalin.com
Investors:
Denis Jasmin
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
+1-514-393-8000, ext. 7553
denis.jasmin@snclavalin.com