Kent acquires majority stake in SNC-Lavalin’s oil and gas division ...United Arab Emirates

Energy services firm Kent (formerly Kentech) has completed an acquisition of a majority stake in the oil and gas division of SNC-Lavalin. A minority portion is to follow later, the firm explained. According to a statement, Kent now leverages the strength of leading players in the energy services sector: Kentech; the acquired businesses comprising SNC-Lavalin Oil and Gas; the Kentz business, and the oil & gas capabilities (offshore wind, hydrogen, CCUS, and low carbon solutions) of the former Atkins business. The change of name to Kent is part of a major rebrand, thus reflecting a 100-year-old history, said the statement. Kent is said to have issued $65m in an over-subscribed bond, alongside

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Kent acquires majority stake in SNC-Lavalin’s oil and gas division ...United Arab Emirates

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