SNC-Lavalin Acquires CAE's Energy Control Systems
Division
JUNE 2, 2000
MONTREAL, QUEBEC--SNC-Lavalin Inc. and CAE Inc. announced today
that the acquisition of CAE's Energy Control Systems Division by
SNC-Lavalin has been completed. Terms of the transaction were not
disclosed.
The division's approximately 200 employees have joined SNC-Lavalin
and will continue to provide clients world-wide with Supervisory
Control and Data Acquisition Systems (SCADA) applications and
specialized systems for the monitoring, control and management of
electrical power generation, transmission and distribution.
"This acquisition marks SNC-Lavalin's full-fledged entry into the
growing field of energy management and perfectly complements our
extensive expertise in the power industry," said Klaus Triendl,
SNC-Lavalin Executive Vice-President and member of the Office of
the President. "We will now be able to execute contracts for
SCADA, Distribution Management Systems (DMS), Energy Management
Systems (EMS) and Generation Management Systems around the globe."
"CAE would like to thank all parties involved in the completion of
this transaction," commented Paul Renaud, Chief Financial Officer
of CAE. "We wish continuing success to the Energy Control Systems
employees and SNC-Lavalin."
The acquisition of CAE's Energy Control Systems Division further
reinforces SNC-Lavalin's position as a world leader in the
hydroelectric, nuclear and thermal power generation, transmission
and distribution markets. 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.
CAE is the world's premier provider of simulation and control
technologies for training and optimisation solutions in the
Aerospace, Defence and Forestry sectors. Headquartered in Canada
and operating globally, the company employs more than 6,000 people
and has revenue in excess of $1 billion. (TSE: CAE)
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). |
