SNC Lavalin
| SNC Lavalin Group Inc.
|
|
|---|---|
 |
|
| legal form | Public Company (Canada) |
| ISIN | CA78460T1057 |
| founding | 1911 |
| Seat |
 Canada , Montreal
|
| management | Ian L. Edwards ( CEO ), Kevin Lynch ( Chairman of the Board ) |
| Number of employees | 52,435 (as of end of 2018) |
| sales | C $ 10.1 billion (2018) |
| Branch | Construction |
| Website | www.snclavalin.com |
SNC Lavalin Grp. Inc. is a Canadian construction and plant engineering company headquartered in Montreal .
SNC Lavalin plans and implements mainly larger and complex construction projects in the areas of industrial and plant construction, infrastructure and transport projects. In terms of turnover, SNC-Lavalin was Canada's largest construction company in 2018. At the end of 2018, the company had over 52,000 employees worldwide. The company is listed on the S & P / TSX 60 stock index on the Toronto Stock Exchange .
history
SNC-Lavalin was created in 1991 from the merger of SNC (Surveyer, Nenniger & Chenevert Consulting Engineers, founded in 1911 by Arthur Surveyer) with the construction company Lavalin (founded in 1936 in Montreal by Jean-Paul Lalonde and Romeo Valois).
History of SNC
SNC was founded in 1911 by Arthur Surveyer as Arthur Surveyer & Cie . The engineering office initially dealt with projects relating to hydropower plants.
In 1937 Surveyer teamed up with Emil Nenniger and Georges Chênevert and in 1946 the company was renamed Surveyer, Nenniger and Chênevert. In addition to hydropower plants, projects in other sectors (oil and gas, mining, infrastructure) have now also been carried out.
History Lavalin
Originally founded in 1936 by Jean-Paul Lalonde and Romeo Valois, Bernard Lamarre, Lalonde's son-in-law, joined the company in 1952 and the company was named Lavalin. In 1962 Lamarre took over management of the company. Through various takeovers, the company grew strongly in the 1960s and 1970s and outperformed its main competitor SNC in the mid-1980s. After a phase of diversification in the 1980s, Lavalin ran into financial difficulties in 1990 and had to agree to a takeover by competitor SNC.
SNC-Lavalin from 1991
After the merger, SNC-Lavalin carried out various large projects in Canada and globally and continued to grow through various takeovers.
Corruption allegations
Since 2012, the Canadian judiciary has been dealing with a number of corruption allegations against SNC-Lavalin. Among other things, this led to the resignation of CEO Pierre Duhaime and two other high-ranking managers in 2012. In 2013, SNC-Lavalin was blacklisted by the World Bank for corruption in Bangladesh.
Investigations against SNC Lavalin have been ongoing since February 2015 for alleged bribery payments between 2001 and 2011 in the amount of 31 million euros to the family of the Libyan ruler Muammar al-Gaddafi .
In connection with the corruption allegations, the Canadian government and Prime Minister Justin Trudeau came under pressure because he was alleged to have unduly influenced the investigation. Several ministers resigned and Parliament's ethics committee reprimanded the prime minister.
Individual evidence
- ↑ Annual Reports - Financial Highlights , www.snclavalin.com, accessed November 3, 2019.
- ↑ Rankings for construction companies . (English, theglobeandmail.com [accessed November 3, 2019]).
- ↑ Annual Report 2018. Accessed November 3, 2019 .
- ^ A brief history of SNC-Lavalin. In: cbc.ca. April 30, 2012, accessed November 3, 2019 .
- ^ History. Retrieved November 3, 2019 .
- ↑ 1911: Arthur Surveyor opens his first office. Retrieved on November 3, 2019 (German).
- ^ Anthony Wilson-Smith: Conquering the big-steel world | Maclean's | JUNE 30, 1986. Retrieved November 3, 2019 (American English).
- ^ Grant, Tina .: International directory of company histories. Volume 72 . St. James Press, Detroit, Mich. 2005, ISBN 978-1-55862-608-9 .
- ↑ a b A closer look at SNC-Lavalin's sometimes murky past. In: cbc.ca. February 8, 2018, accessed November 3, 2019 .
- ↑ Alexander Sarovic: Scandal about Canada's Prime Minister Trudeau: Sun Child in the Shadow . In: Spiegel Online . March 5, 2019 ( spiegel.de [accessed March 5, 2019]).
- ^ Criticism of Justin Trudeau: Corruption affair in Canada - second minister resigns . In: Spiegel Online . March 5, 2019 ( spiegel.de [accessed November 3, 2019]).
- ↑ ZEIT ONLINE: Canada: Ethics Committee reprimands Justin Trudeau for corruption affair . In: The time . August 14, 2019, ISSN 0044-2070 ( zeit.de [accessed November 3, 2019]).