As part of the acquisition, Kent has gained a strong foothold in the energy transition space via its acquisition of the oil & gas capabilities (including offshore wind, hydrogen, CCUS, and low carbon solutions) of the former Atkins business.
The company’s blue-chip client base comprises IOCs, NOCs and independent energy and chemical companies operating across the Americas, Europe and the Caspian, the Middle East and Africa and Asia-Pacific. It currently has over 80 active projects across 24 countries.
The company has also issued US$65 million in an over-subscribed bond. The proceeds will be used to fund the acquisition of the SNC oil & gas business and provide headroom for working capital. As part of the acquisition, Bluewater, its majority shareholder, has committed to a further capital injection.
John Gilley, previously CEO of Kentech, has become Kent’s CEO.
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Oilfield Technology’s second issue of 2021 starts with a report from KPMG that examines the outlook for the Scottish oil and gas sector. The rest of the issue is dedicated to articles covering the offshore supply chain industry, offshore asset integrity, expandable liner technology, advances in drilling, data security, flow control, EOR and methane emissions.
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Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/30072021/kentech-completes-acquisition-of-snc-lavalins-oil-and-gas-division/
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