16:37:49 EDT Wed 22 Sep 2021
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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2020-12-17 C$ 22.14
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SNC-Lavalin subsidiary added to U.K. framework

2020-12-17 12:21 ET - News Release

Mr. Harold Fortin reports


SNC-Lavalin Group Inc.'s wholly owned subsidiary, EDAROTH, has been named as part of the announcement of a new 47-billion-pound developer-led framework in the United Kingdom.

EDAROTH (Everybody Deserves A Roof Over Their Head) offers development management, design and engineering expertise, and the latest off-site manufacturing techniques, which enable:

  • 50-per-cent faster build than traditional home development;
  • 50-per-cent reduction in heating costs;
  • Net-zero carbon emissions;
  • Reclaiming of brownfield sites for local communities.

"EDAROTH is an example of how innovation and technology can enable us to provide better infrastructure solutions to our clients and communities. We developed this innovative solution having identified a trend in social and economic issues related to the future lack of affordable housing," said Ian L. Edwards, president and chief executive officer, SNC-Lavalin. "At the core of EDAROTH are digitally enabled, modern methods of assembly that can be adapted to help people across the world. We are able to take brownfield sites in need of regeneration and create living spaces to help governments and local authorities meet housing needs in a sustainable and efficient way. With the World Economic Forum forecasting that two billion new homes are needed globally by the end of this century, we see great potential in this offering and are working to revitalize communities everywhere."

Under this framework, with public-sector framework provider PABAGO, EDAROTH will have the opportunity to bid for developments of residential schemes across the U.K. -- including projects that transform publicly owned brownfield and underutilized land in existing communities -- to create truly affordable homes in areas where they are most needed.

"A shortage of affordable housing continues to affect communities, cities and individuals all over the world, and it's a problem which will only be solved through innovation and new ways of working," said Philip Hoare, president, Atkins, engineering, design and project management, SNC-Lavalin. "We are proud of our place on this framework, which gives us a great opportunity to deliver homes over and above what is already possible, and to further develop EDAROTH's offering to public-sector clients."

Once developments are completed, the public sector retains land ownership giving them essential facilities and a long-term revenue stream to bolster their finances. EDAROTH unveiled its first completed social housing development in February, 2020, and has already been successful in securing a place on a $1.7-billion housing framework to provide services.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset life cycle. Its expertise is wide ranging -- consulting and advisory, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and sustaining capital -- and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), infrastructure, nuclear and resources, supported by capital. People. Drive. Results.

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