SNC-Lavalin signs agreement to acquire Arcturus Realty Corporation
October 06 2011 - 7:50AM
PR Newswire (Canada)
SNC-Lavalin's Operations & Maintenance division expands its
service offering MONTREAL, Oct. 6, 2011 /CNW Telbec/ - SNC-Lavalin
Operations & Maintenance, the operations and maintenance
division of SNC-Lavalin , has signed an agreement to acquire
Arcturus Realty Corporation (Arcturus). The completion of the
acquisition is subject to the meeting of customary conditions. If
all of the conditions are met, the acquisition is expected to be
completed by November 30. "This acquisition will allow us to expand
on our current property management and realty services," said
Charlie Rate, Executive Vice-President, SNC-Lavalin. "Arcturus
is well known in the industry for its exceptional service and we
will maintain continuity with the teams currently serving its
clients. With its existing client base, experience and track
record, coupled with our reach and service offering, we have an
opportunity to redefine the property and facility management
industry in Canada." Arcturus manages over 35 million square feet
of office, retail and industrial properties nationally. With over
350 employees, Arcturus provides a comprehensive scope of real
estate services including property management, leasing, development
advisory services and facilities management. Its client base
consists of financial institutions, insurance companies, major
retailers, public sector and private investors. 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.
SNC-LAVALIN CONTACT: SNC-Lavalin Media: Investors:Leslie Quinton
Denis JasminVice-President, Global Corporate Vice-President,
Investor RelationsCommunications SNC-Lavalin Group Inc.SNC-Lavalin
Group Inc. 514-393-8000, ext. 7553514-393-8000, ext. 7354
denis.jasmin@snclavalin.comleslie.quinton@snclavalin.com
Copyright
SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Jul 2024 to Aug 2024
SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Aug 2023 to Aug 2024