Tunnel Business Magazine

DEC 2018

TBM: Tunnel Business Magazine is the market leader for North America. TBM is written for leading professionals in all aspects of tunneling and covers project stories, design elements, contracting strategies, legal issues, new technology and more.

Issue link: http://digital.tunnelingonline.com/i/1067144

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Page 11 of 59

Global design firm Stantec on Oct. 19 announced it has signed an agreement for the sale of its construction division, d by Oaktree C .P ("Oaktre - tors is inclusiv U.K. and U.S. divisions and Slayden Con- d Stantec thr quisition in 2016. Subject to customary condi- tions, the sale is anticipated to close in the fourth quarter of 2018. The divestiture concludes the stra- tegic review of construction services Stantec announced in April 2018. The strategic review set out to determine an option that would optimize the value ovide the best prospects for employees, clients, and shareholders. owth op- portunities in the United Kingdom and the United States, and we believe this divestiture will better allow them to invest in and pursue growth while con- tinuing to serve their clients," says Gord Johnston, Stantec president and chief executive officer. "We are excited to join Oaktree's con- struction portfolio focused on project delivery," says Blair Lavoie, president of operations. "This is a positive step in the evolution of our company, and we look forward to having a partner like Oaktree with strong financial resources and a desire to invest in our future as we continue to be the leading global project delivery company in the water sector. In the U.S., we will stay with our great brands of Slay - tors, and in the U.K., we will return to reatment." ovides a full range of high-value design, start-to-finish preconstruction, construction, construc- tion management, and start-up and com- missioning services, primarily for the water and wastewater markets in the United States and the United Kingdom. - gine ecord as Top Interna- tional Contractors for wastewater treat- or sewer and solid waste. With the pending divestitur Constructors and the 2017 divestiture of Innovyze, Stantec will continue to focus on its core consulting services business globally. Stantec has announced eight strategic acquisitions so far in 2018 and is, for the second consecutive year, ranked ecord Top 150 Global Design Firms list. Perella Weinberg Partners L.P. served as exclusive financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor to Stantec on the transaction. Stantec Signs Agreement to Sell MWH Constructors 1 2 B U S I N E S S B R I E F S TUNNELINGONLINE.COM TBM: TUNNEL BUSINESS MAGAZINE // DECEMBER 2018 TERRATEC and JIM Technology Formalize Relationship TERRATEC announced the incorporation of its business part- ner echnology from Japan, as shareholder of the company. Both companies have been working together for the last eight years and delivered ov or global markets including India, Thailand, Turkey and Europe. In all these cases, TERRATEC has been the main contr bcontractor for the provision of key components and designs for EPB and Slurry e years of successful partnership, both com- panies decided to take a step forward and seal their relationship. ompany created by three Japanese industrial gi- ants: IHI Corpora bishi Heavy Industries and JFE Engi- neering Corp. to merge their divisions, thus combining their technology and experience of ov ered since 1936 of every type and size up to 16 meters in diameter, for both Japan and overseas projects. es of TERRATEC. The other half will remain with the existing partners, who will keep run- ning the business, since the company will keep the same struc- ture, key managers and teams for the operation of its marketing, sales, production, after sales and field service divisions. "TERRATEC has a very efficient team working all over the world. They have achieved to bec in im- portant growing markets like India and Thailand and achieved continued sales in established markets like Europe. We want TER- RATEC to keep operating and expanding the business as they do, bu ect support from the engineering and production side," said T . TERRATEC will keep its global network of regional offices and country representatives. The contact persons for clients will re- main same as before. Furthermore, the market will see in the com- ing months TERRATEC expanding its global presence further. As in the past, the design of the machines will continue being carried ou chnology f and Slurry) with TERRATEC's team in Australia taking care of the Hard Ro veyor Systems. tterhead drive unit, will keep being fabricate ey com- ponents including electric and hydraulic systems being sourced in Japan, Australia and Europe. The assembly and testing of the eep being done in TERRATEC plant in Guangzhou, which is now just one hour away from the company's global office in Hong Kong by the recently opened high-speed railway. Regarding the Rais veyor Divisions, these will remain fully managed from Australia with the entire design and production being done in TERRATEC's facilities in Tas- mania, as it has been since 1990. "It is a great day for the company. We have been cooperating eight y o closely and now with this formal union there are no doubts that we are together and capable to build, deliver and support any typ or any project in any market globally," says Bruc theson, TERRATEC's Sales eting Director.

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