Montreal-based SNC-Lavalin, Canada’s largest engineering and construction company, has signed an agreement to acquire, for an undisclosed amount, Kilborn Holdings, a Toronto-based engineering company.
The acquisition will be payable at the option of each Kilborn shareholder, either in cash or in SNC-Lavalin Group class A subordinate voting shares.
The transaction is subject to the approval of Kilborn’s shareholders, as well as regulators.
Founded in 1947, Kilborn has managed the engineering and construction of many of Canada’s best-known mining companies, and is currently employed at operations across North America, as well as in Chile, Peru, Brazil and Indonesia. Kilborn employs a staff of 1,200 and has annual sales of $125 million, more than 80% of which comes from the mining and metallurgy sector.
In the gold mining sector, Kilborn has developed the pressure oxidation process in co-operation with Barrick Gold, a system that has generated interest in nickel and copper applications.
Kilborn is also well-known in the potash and uranium industries, having engineered more than 75% of the Western World’s mining projects for these commodities.
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