SNC-Lavalin and ABB announce formation of Linxon, a new JV company

Linxon has been formed to execute turnkey substation projects, combining the unique strengths of both SNC-Lavalin and ABB to deliver customer value.

MONTREAL, Aug. 31, 2018 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) and ABB today announced the formation of Linxon, a new joint-venture (JV), for the execution of turnkey electrical AC substation projects. The transaction was announced in December 2017 and Linxon is expected to commence operations from September 1, 2018, with SNC-Lavalin having a majority and controlling interest in the JV.

Linxon will undertake turnkey electrical alternating current substation projects related to renewable and conventional power generation, power transmission and transportation solutions. Turnkey solutions will include project design, engineering, procurement, construction, management, commissioning and after-sales support. Linxon will have an opening order backlog of USD $340-million (CAD $440-million).  

Linxon will undertake turnkey electrical alternating current substation projects related to renewable and conventional power generation, power transmission and transportation solutions. Turnkey solutions will include project design, engineering, procurement, construction, management, commissioning and after-sales support.

"We are delighted to join forces with ABB and bring together our respective strengths to deliver sustainable energy solutions for substations, while providing value for customers through cost efficiencies and an enhanced delivery capability," said Marie-Claude Dumas, Chair, Board of Directors, Linxon and President of Clean Power, SNC-Lavalin.

Frédéric Tréfois, currently responsible for Engineering, Procurement, Construction (EPC) solutions within ABB's Grid Integration business has been appointed as the Chief Executive Officer of Linxon.

"Linxon will combine ABB's technology leadership with SNC-Lavalin's expertise in managing infrastructure projects to deliver enhanced customer value" said Claudio Facchin, President of ABB's Power Grids division. "This joint venture will help capture new business opportunities for both companies and reinforces our strategy of forging new alliances and business models, as part of the ABB Power Grids 'Power Up' transformation program."

About ABB
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to con-tribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com

About SNC-Lavalin
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 across oil and gas, mining and metallurgy, infrastructure, clean power, nuclear and EDPM (engineering design and project management). On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies, which has been integrated into our sectors. www.snclavalin.com

SOURCE SNC-Lavalin