DUBAI-BASED oil services company Kentech has agreed to buy the oil and gas business of Toronto-listed SNC-Lavalin Group. Kentech, backed by private equity firm Blue Water Energy, this week said the deal would accelerate its growth strategy and cement its position as an "integrated energy services company". The value of the deal was not disclosed. It is expected to complete in the first half of this year, subject to regulatory approvals. SNC-Lavalin's oil and gas business - called resources oil and gas - was built up through a number of acquisitions in recent years, including the $1.95 billion deal to buy Kentz in 2014. Both Kentech and Kentz have their origins in the same family electrical instruments business - MF Kent & Co - started by Michael Kent in Clonmel, Ireland in 1919.
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