Linxon has been formed to execute turnkey substation
projects, combining the unique strengths of both SNC-Lavalin and
ABB to deliver customer value.
MONTREAL, Aug. 31, 2018 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) and ABB today announced the formation of Linxon, a new
joint-venture (JV), for the execution of turnkey electrical AC
substation projects. The transaction was announced in December 2017 and Linxon is expected to commence
operations from September 1, 2018,
with SNC-Lavalin having a majority and controlling interest in the
JV.
Linxon will undertake turnkey electrical alternating current
substation projects related to renewable and conventional power
generation, power transmission and transportation solutions.
Turnkey solutions will include project design, engineering,
procurement, construction, management, commissioning and
after-sales support. Linxon will have an opening order backlog of
USD $340-million (CAD $440-million).
Linxon will undertake turnkey electrical alternating current
substation projects related to renewable and conventional power
generation, power transmission and transportation solutions.
Turnkey solutions will include project design, engineering,
procurement, construction, management, commissioning and
after-sales support.
"We are delighted to join forces with ABB and bring together our
respective strengths to deliver sustainable energy solutions for
substations, while providing value for customers through cost
efficiencies and an enhanced delivery capability," said
Marie-Claude Dumas, Chair, Board of
Directors, Linxon and President of Clean Power, SNC-Lavalin.
Frédéric Tréfois, currently responsible for Engineering,
Procurement, Construction (EPC) solutions within ABB's Grid
Integration business has been appointed as the Chief Executive
Officer of Linxon.
"Linxon will combine ABB's technology leadership with
SNC-Lavalin's expertise in managing infrastructure projects to
deliver enhanced customer value" said Claudio Facchin, President of ABB's Power Grids
division. "This joint venture will help capture new business
opportunities for both companies and reinforces our strategy of
forging new alliances and business models, as part of the ABB Power
Grids 'Power Up' transformation program."
About ABB
ABB (ABBN: SIX Swiss Ex) is a
pioneering technology leader in power grids, electrification
products, industrial automation and robotics and motion, serving
customers in utilities, industry and transport & infrastructure
globally. Continuing a history of innovation spanning more than 130
years, ABB today is writing the future of industrial digitalization
with two clear value propositions: bringing electricity from any
power plant to any plug and automating industries from natural
resources to finished products. As title partner in ABB Formula E,
the fully electric international FIA motorsport class, ABB is
pushing the boundaries of e-mobility to con-tribute to a
sustainable future. ABB operates in more than 100 countries with
about 147,000 employees. www.abb.com
About SNC-Lavalin
Founded in 1911,
SNC-Lavalin is a global fully integrated professional services and
project management company and a major player in the ownership of
infrastructure. From offices around the world, SNC-Lavalin's
employees are proud to build what matters. Our teams provide
comprehensive end-to-end project solutions – including capital
investment, consulting, design, engineering, construction,
sustaining capital and operations and maintenance – to clients
across oil and gas, mining and metallurgy, infrastructure, clean
power, nuclear and EDPM (engineering design and project
management). On July 3, 2017,
SNC-Lavalin acquired Atkins, one of the world's most respected
design, engineering and project management consultancies, which has
been integrated into our sectors. www.snclavalin.com
SOURCE SNC-Lavalin