All the old brands, including Faithful & Gould, are being swept away as the whole group becomes AtkinsR茅alis 鈥� 鈥渁 new name for a new transformed company,鈥� according to the CEO.
SNC-Lavalin was created in 1991 from the merger of Canadian firms SNC and Lavalin. In 2014 it acquired Kentz Corporation and 2017 it acquired WS Atkins of the UK. Today it has 36,000 employees and offices around the world.
Ian Edwards, president and chief executive, said: 鈥淚n recent years, we have deliberately repositioned the company. We exited those parts of the business that were not profitable or aligned with our strategy; corrected underlying issues affecting our performance; doubled down on high-growth global markets; embraced digital transformation; and most importantly, redefined our purpose and strengthened our culture. We have reached an inflection point so now is the right time to rebrand to AtkinsR茅alis and reflect the exciting future ahead of us.鈥�
He said the name AtkinsR茅alis combines the Atkins legacy brand and 鈥楻茅alis, inspired by the city of Montr茅al and the company鈥檚 French-Canadian roots. 鈥楻茅alis鈥� is also supposed to evoke the word 鈥榬ealise鈥�, as in 鈥榤ake happen鈥�.
As of 13th September 2023, the new name will be used on all communications materials and the Toronto Stock Exchange (new ticker symbol TSX: ATRL). 聽The legal name switch, however, must wait for shareholder approval at next year鈥檚 annual general meeting.
Got a story? Email news@theconstructionindex.co.uk
