Kent CEO John Gilley

Kent completes takeover of SNC-Lavalin’s oil and gas division

Dubai-based energy services firm Kent has completed the acquisition of SNC-Lavalin’s oil and gas division.

Kent CEO John Gilley; Source: Kent

Backed by the global energy investment firm, Blue Water Energy, Kent operates in three key areas: engineering and projects; commissioning and start-up services; and turnaround, maintenance and modifications.

Kent, then Kentech, announced the agreement to acquire the oil & gas business of SNC-Lavalin’s Resources Division on 9 February 2021. The completion was subject to regulatory approvals and satisfaction of customary closing conditions.

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Kent announced the completion of the acquisition on Friday, 30 July 2021

“We’re fusing together the strength of leading players in the energy services sector: Kentech and the acquired businesses, which consist of legacy SNC-Lavalin oil and gas, Kentz, Houston Offshore Engineering and the oil & gas capabilities (including offshore wind, hydrogen, CCUS, and low carbon solutions) of the former Atkins business”, the company said.

“We’re harnessing our energy within and joining forces to create Kent, a leading international integrated energy services partner”, Kent added.

The acquisition of SNC-Lavalin’s oil and gas division is creating a company that can provide full asset life cycle services to the energy industry.

It increases Kentech’s geographical footprint and the number of employees to over 10,000. The company will have a backlog of $1.1 billion.

Kent also said back in February 2021 that the deal would help its efforts in addressing the challenges and opportunities of the global energy transition.