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AtkinsRealis to sell Linxon joint venture after topping earnings expectations
AtkinsRéalis, formerly known as SNC-Lavalin Group Inc., reported a profit of $90 million in the fourth quarter, a significant improvement from the previous year.
AtkinsRéalis plans to sell its share in Linxon, a money-losing joint venture with Hitachi Energy, as it aims to realign its business strategy.
The company's focus on engineering and consulting services has led to an increase in revenue and backlog, with notable projects like the Romanian nuclear reactor deal.