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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.
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AtkinsRéalis to sell Linxon joint venture after beating earnings expectations

MONTREAL — AtkinsRéalis chief executive Ian Edwards announced the engineering firm is looking to sell its money-losing joint venture with Hitachi Energy after beating earnings expectations and notching a record services backlog last quarter.

·Collingwood, Canada
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Winnipeg Free Press broke the news in Winnipeg, Canada on Friday, March 1, 2024.
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