So yeah, very much in the plan, but we're not quite there yet."Īs recently as 2017, SNC boasted a headcount topping 52,000 versus about 35,000 now, after the company sold off the last of its flagging oil and gas businesses in 2021 and veered away from fixed-price construction projects to become a pure-play engineering firm. "Then we will continue and be at the cadence of our peers in M&A moving beyond '24. "When we reach the point, which we would expect during the course of next year, where we can look at M&A and actually carry out transactions, we'll take a very methodical approach to this and start with token acquisitions that build our capability," chief executive Ian Edwards told analysts on a conference call Thursday. aims to blaze a "methodical" trail of mergers and acquisitions starting as early as 2024, its CEO says. Less than five years after it embarked on a program of streamlining, SNC-Lavalin Group Inc.
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