On Tuesday, SNC-Lavalin, the Montreal-based engineering and project managing company, rebranded itself AtkinsRéalis, company officials said this week.
The company’s chief U.S. subsidiary, Atkins Nuclear Secured is now AtkinsRéalis Nuclear Secured.
The parent company, which is involved in the nuclear industry and trades on the Toronto Stock Exchange, will officially change its stock ticker Monday to “ATRL” from “SNC,” Steve Morriss, the company’s U.S. President of Engineering Services, told Exchange Monitor by phone.
AtkinsRéalis rang the opening bell at the Toronto Stock Exchange Wednesday, Morriss said.
The new name builds upon a century of history from brands such as SNC-Lavalin, Atkins, Faithful+Gould, DTS and Atkins Acuity, the company said in a press release.
The legal name of the company, however, will not change until SNC-Lavalin “obtains shareholder approval, as required by law, at its 2024 annual meeting of shareholders,” according to the press release. That is set to occur in May 2024.
The former SNC-Lavalin had been Holtec International’s partner in the U.S. nuclear power plant decommissioning business until 2022, when Holtec bought out the Canadian company’s share in the joint venture amid complaints from citizen groups about the latter’s criminal charges in Canada.
