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SNC-Lavalin Group Inc. (SNC)
Exchange: Toronto Stock Exchange
$42.330
May 21, 2013, 10:32 PM EDT
Change: 0.46 (1.10%)
Volume: 336,092

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SNC-Lavalin acquires Groupe Techmat

MONTREAL, Feb. 4 /CNW Telbec/ - SNC-Lavalin is pleased to announce that its subsidiary, Groupe Qualitas has acquired Groupe Techmat (Techmat), a company specialized in the materials and geotechnical engineering sectors, headquartered in Saguenay, Quebec.

Techmat will add about 80 employees to the ranks of SNC-Lavalin's Materials & Geotechnical Engineering (Quebec) Division, which already includes the Qualitas and Terratech work forces. The Division now has almost 500 employees in Quebec.

"With the acquisition of Techmat, we are not only bolstering SNC-Lavalin's presence in the Saguenay-Lac-Saint-Jean area, we are also enhancing our resources with professionals who have earned one of the most enviable reputations in Quebec, and who will further extend the broad range of services we can offer our clients with the special technologies they have developed," said Charles Malenfant, Senior Vice-President and General Manager of the Division.

"We are particularly proud to be joining the ranks of Qualitas, an undisputed leader in our fields of activity, and are also very exited to become part of the great SNC-Lavalin family, one of the world's largest engineering companies," said Regis Bouchard, President of Techmat. "We believe this move will provide us with the means to continue expanding our know-how, and enable us to make the technologies we worked so hard to develop available to all SNC-Lavalin clients."

SNC-Lavalin (TSX: SNC) 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. The SNC-Lavalin companies have offices across Canada and in 34 other countries around the world and are currently working in some 100 countries. www.snclavalin.com

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