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SNC-Lavalin completes transformative Acquisition of WS Atkins

SNC-Lavalin Group Inc. (TSX: SNC) (“SNC-Lavalin” or the “Corporation”) announces that it has completed its acquisition of WS Atkins plc (“Atkins”), one of the world’s most respected consultancies in design, engineering and project management, with a leadership position across the infrastructure, transportation and energy sectors. Headquartered in the UK, Atkins is a geographically diversified global company with approximately 18,000 employees in the US, Middle East and Asia, together with a leading position in the UK and Scandinavia.

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QRC backs new Plan but calls for new Power Plant

The Queensland Resources Council (QRC) welcomes policy announcements by the Queensland Government of its Powering Queensland Plan to address the state’s energy needs. This Queensland Plan has been released ahead of the Finkel review due to be released at COAG.

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SMT Scharf Earnings up in FY 2016

SMT Scharf AG (WKN 575198, ISIN DE0005751986) improved its operating earnings by 8.7% to EUR 2.5 million in the fiscal year elapsed (2015: EUR 2.3 million). As expected at the start of 2016, revenue of EUR 42.6 million was tangibly below the previous year's level (2015: EUR 50.3 million). The Group achieved an EBIT margin of 5.9% (2015: 4.6%) on total operating revenue of EUR 42.2 million (2015: EUR 50.0 million). At the bottom line, SMT Scharf achieved a further year-on-year improvement in consolidated net income to EUR 1.9 million (2015: EUR 1.5 million).

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New CEO of the Datwyler Group

As was announced in spring 2016, Dirk Lambrecht took over management of the Datwyler Group as CEO on 1 January 2017. Paul Hälg, who held the position from 2004, stepped down at the end of 2016 and will be recommended for election to the post of Chairman at the Annual General Meeting in March 2017. He will succeed Ulrich Graf, who will be stepping down from his post for age-related reasons after 12 years at the 2017 Annual General Meeting.

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