Stay up to date on industry news and trends, product announcements and the latest innovations.
Mergers & Acquisitions
Original Press Release
SNC-Lavalin Acquires Data Transfer Solutions Inc.
Press release date: Oct 31, 2017
MONTREAL, Oct. 31, 2017 - SNC-Lavalin (TSX: SNC) is pleased to announce the acquisitionof Data Transfer Solutions, Inc. (DTS) for USD $45M. Completed on October 30th, 2017, the acquisition will add to the capabilities of SNC-Lavalin's Atkins sector and will enhance service offerings in digital asset management for clients.
Headquartered in Orlando, Florida, with 78 employees, DTS is a leader in asset management and geographic information systems within the North American market. As the creator of VueWorks, a comprehensive enterprise asset management software solution, DTS provides state-of-the-art tools and solutions to clients with large, complex infrastructure assets. These solutions help to inventory, manage and optimize physical assets across their life cycle.
The acquisition of DTS is aligned with the SNC-Lavalin's global digital strategy and recognizes the pace of technological change in the engineering and construction industry and the need to support client needs with robust digital solutions.
The strength of DTS is in its people and their ideas. The business's clients look to it for customized solutions to solve their unique data challenges. In today's increasingly data-driven environment, with demands for real-time information at your fingertips, DTS brings a high level of technical innovation to the SNC-Lavalin portfolio.
"DTS is an exciting addition to our organization. The acquisition will add enhanced service offerings in digital asset management for clients and is in line with the company's stated strategy of expansion in digital technology to enhance efficiency of our service delivery to our clients across our core sectors," said Neil Bruce, President and Chief Executive Officer, SNC-Lavalin
"Particularly in asset management, we are eager to support the advancement of DTS's VueWorks product and state-of-the-art asset data collection capability," added Heath Drewett, president of Atkins. "Focused initially on the public sector and transportation space in North America, we will align our planning and engineering expertise with DTS's asset management and technology capability to provide valuable, end-to-end asset management solutions for our clients."
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies. www.snclavalin.com