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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Total News Sources18
Leaning Left9Leaning Right0Center3Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
C 25%
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