Aecon Group Inc. has announced that it has completed the sale of its wholly-owned subsidiary Innovative Steam Technologies (IST) to Fulcrum Capital Partners. Gross cash proceeds of the sale will be approximately $35 million, with additional proceeds over the following two years contingent on IST achieving certain earn-out conditions based on performance.
|Address||555 South Flower St., Suite 3700, Los Angeles, CA, 90071-2300, US|
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.3 billion during the 12-month period ended March 31, 2010.
The grand opening of the Neskantaga Training Centre was celebrated in Neskantaga Territory, Ontario, showcasing the new innovative facility and collaboration technology which delivers training directly to the remote community.
Aecon Group Inc. has announced that it has been awarded a mining contract with an estimated value of $123 million by Fort Hills Energy L.P. for mining site development at the Fort Hills oil sands project in Alberta.