{"id":21479,"date":"2023-09-02T10:37:36","date_gmt":"2023-09-02T17:37:36","guid":{"rendered":"https:\/\/essential.construction\/news\/snc-lavalin-closes-on-scandinavian-business-sale\/"},"modified":"2023-09-02T10:37:37","modified_gmt":"2023-09-02T17:37:37","slug":"snc-lavalin-closes-on-scandinavian-business-sale","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/snc-lavalin-closes-on-scandinavian-business-sale\/","title":{"rendered":"SNC-Lavalin closes on Scandinavian business sale"},"content":{"rendered":"<p> <a href=\"https:\/\/essential.construction\/files\/membership-default-internal\/\" class=\"memberhide\"><img decoding=\"async\" src=\"https:\/\/essential.construction\/news\/wp-content\/uploads\/sites\/15\/2023\/01\/20220718_175041000_iOS.jpg\" alt=\"-\"><\/a><br\/><br \/>\n<\/p>\n<div>\n<p>MONTREAL \u2014 SNC-Lavalin has announced it has completed the closing of the sale of its Scandinavian Engineering Services business.<\/p>\n<p>The firm SNC-Lavalin had previously announced it had entered into a binding agreement to sell the business \u2013 comprising Denmark, Sweden and Norway \u2013 to SYSTRA Group, a France-based engineering and consulting group.\u00a0<\/p>\n<p>An Aug. 31 statement said the sale was part of the company\u2019s strategy to reduce its risk profile, drive growth and accelerate its transition into a professional services and project management company.\u00a0<\/p>\n<p>\u201cThe closing of the sale further optimizes our portfolio of activities and ensures that we can be fully focused on the areas of our business with the highest value-creation potential,\u201d stated Ian L. Edwards, president and CEO of SNC-Lavalin.\u00a0\u201cI would like to thank all the Scandinavian Engineering Services employees for their dedication and hard work over the years, and wish them every success with SYSTRA.\u201d<\/p>\n<p>Proceeds from the sale will provide additional funds for the company\u2019s capital allocation priorities, said the release.<\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5143531171910809\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- News - Bottom -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5143531171910809\"\r\n     data-ad-slot=\"8320848692\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/canada.constructconnect.com\/dcn\/news\/economic\/2023\/09\/snc-lavalin-closes-on-scandinavian-business-sale\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONTREAL \u2014 SNC-Lavalin has announced it has completed the closing of the sale of its Scandinavian Engineering Services business. The &#8230; <a title=\"SNC-Lavalin closes on Scandinavian business sale\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/snc-lavalin-closes-on-scandinavian-business-sale\/\" aria-label=\"Read more about SNC-Lavalin closes on Scandinavian business sale\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":21480,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1066,1037],"tags":[357,295],"class_list":["post-21479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-posts","category-daily-commercial-news","tag-blog","tag-technology","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/21479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=21479"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/21479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media\/21480"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=21479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=21479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=21479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}