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TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today the closing of the previously disclosed acquisition of United Engineers & Constructors (“United”).
“We are excited to welcome the United team to Aecon and we look forward to harnessing our enhanced nuclear and conventional power generation capabilities and client relationships to drive continued growth in the U.S. and priority markets,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc.
“We are pleased to have United’s experienced operational teams and management join Aecon,” said Aaron Johnson, Senior Vice President, Nuclear, Aecon Group Inc. “Adding United’s strong technical and engineering experience complements our business, augments our collaborative partnership in Canada and expands our comprehensive nuclear service offering across North America to support significant opportunities in this growing market.”
About Aecon
Aecon Group Inc. is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility, and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.
About United Engineers & Constructors
United Engineers & Constructors is an industry leading infrastructure engineering, procurement, construction, and consulting company dedicated to improving lives by delivering the most impactful solutions. Since 1905, United has served the power industry by providing comprehensive lifecycle services for the nuclear, conventional generation, renewable, and distributed energy markets. Together with its clients and partners, United has been unified in its efforts to deliver innovative and transformative infrastructure that is designed and built to meet the demands of today and the future.
Statement on Forward-Looking Information
The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding: the anticipated growth of Aecon's nuclear and engineering business, the growing nuclear market in North America, and Aecon's expansion in the U.S. and Canadian markets. Forward-looking statements may in some cases be identified by words such as "may," "will," "expects," "target," "future," "plans," "believes," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions.