SNC-Lavalin acquires Titan Projects Ltd.

SNC-Lavalin Inc. announced today that it has completed the acquisition of Titan Projects Ltd. of Calgary, Alberta.

"This acquisition augments our pursuit of project opportunities in the growing fields of gas processing and heavy oil production utilizing SAGD technique, where Titan is a recognized world leader, and perfectly complements our extensive expertise in the oil and gas industry. It also further reinforces our position as a major EPC company in the spheres of heavy and conventional oil production, oil refining, pipelines and gathering systems and offshore production platforms and sub sea pipelines," said Krish Krishnamoorthy, Executive Vice-President, Member of the Office of the President of SNC-Lavalin.

Titan, operating as a business unit within SNC-Lavalin, will continue to provide clients with its world class niche expertise, as well as undertake larger projects.

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.

Source: SNC-Lavalin Inc.