Aecon's Strategic Acquisition: Enhancing Nuclear Power Capabilities

Aecon Group Inc. (TSX: ARE), a leading North American construction and infrastructure development company, has completed its acquisition of United Engineers & Constructors. This strategic move strengthens Aecon's nuclear and conventional power generation capabilities, expanding its service offering across North America. United's expertise in digital instrumentation, control engineering, and specialized construction complements Aecon's existing strengths, enabling it to deliver large-scale integrated engineering and construction projects more efficiently.

The acquisition of United Engineers by Aecon opens up new opportunities in the U.S. and priority markets, particularly in the nuclear and conventional power generation sectors. United's strong technical and engineering expertise in digital instrumentation, control engineering, and specialized construction will extend Aecon's self-perform offering, enabling it to harness robust nuclear opportunities across North America. This strategic transaction enhances Aecon's Canadian presence and provides a strong platform to offer new services to key U.S. clients, expanding its footprint and role in building the next generation of nuclear infrastructure.

United's experienced operational teams and management will join Aecon, further strengthening its collaborative partnership in Canada and expanding its comprehensive nuclear service offering across North America. This integration will support significant opportunities in the growing nuclear market, driven by increasing demand for clean, affordable, and reliable energy, and global net-zero targets. United's expertise in nuclear power plant life extensions and small modular reactor projects aligns with Aecon's goals for organic growth and the energy transition.



The integration of United's strong technical and engineering expertise in digital instrumentation, control engineering, and specialized construction will enhance Aecon's self-perform offering and support its continued diversification and growth. United's expertise in nuclear power plant life extensions and small modular reactor projects complements Aecon's existing nuclear and conventional power generation capabilities, strengthening its position in the growing nuclear market.



In conclusion, Aecon's acquisition of United Engineers & Constructors is a strategic move that enhances its nuclear and conventional power generation capabilities, expanding its service offering across North America. This transaction opens up new opportunities in the U.S. and priority markets, drives growth, and supports the energy transition. With United's experienced operational teams and management joining Aecon, the company is well-positioned to capitalize on the growing nuclear market and achieve its long-term goals.