SNC-Lavalin Group Inc. has completed its acquisition of WS Atkins plc. Over the coming months, teams from both organizations will work together to integrate both companies in order to create value for all stakeholders and realize expected synergies from the acquisition.
The acquisition is expected to deliver approximately CAD 120M in cost synergies – approximately CAD 30M from SNC-Lavalin and CAD 90M from Atkins – by the end of the first full financial year. These synergies would mainly include eliminating corporate and listing costs, optimizing corporate and back-office functions and shared services, streamlining IT systems, and real estate consolidation wherever appropriate.
