SNC-Lavalin Acquires CAE's Energy Control Systems
Division
MAY 11, 2000
MONTREAL, QUEBEC--SNC-Lavalin has signed an agreement with CAE
Electronics through which SNC-Lavalin will acquire CAE's Energy
Control Systems Division, which provides SCADA applications and
specialized systems for the control and monitoring of electrical
power generation, transmission and distribution. The sale,
deployment and servicing of these real-time computer-based
integrated software and hardware solutions have been provided to
utilities around the world for some 40 years. The transaction is
expected to close by the end of May.
"With this acquisition, we will enter into the field of energy
management, which complements our extensive expertise in the power
industry," said Klaus Triendl, SNC-Lavalin Executive
Vice-President and member of the Office of the President.
"Competition and deregulation have revolutionized the power
industry worldwide, creating significant growth opportunities in
changing power markets."
SNC-Lavalin has been involved in power projects since the
company's founding in 1911. Throughout the years, it has
developed a leading position in hydroelectric, nuclear and thermal
power generation, transmission and distribution. The company has
worked on power plants with a total capacity of more than 220,000
MW, and on the installation of some 75,000 km of transmission and
distribution lines.
SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC). |
