Local management team buy-out SNC-Lavalin SA and rename the business Aurex Constructors
Led by Vice President Stuart Kent, the South African management team of SNC-Lavalin SA successfully completed a management buy-out of the local entity on 10th December. Building on the success of SNC-Lavalin SA the management team remains the same people that customers have grown to know and trust.
The management team of the South African entity recognised the advantages of becoming a wholly-owned South African company. In addition to the agility and faster response and turnaround times offered by local management, the buy-out serves the country’s strategy to transform South Africa’s economy through increased ownership and management opportunities for previously disadvantaged South Africans.
As part of the deal, the company was to undergo a full rename and rebrand and is now called Aurex Constructors. Derived from ‘AU’, the symbol for gold, and ‘EXCELLENCE’, Aurex is a business that embodies the gold standard, a place where excellence is not just expected but consistently achieved: excellence in their service; excellence in their ethics; excellence in their standards; and excellence in their people.
As Aurex Constructors transforms into a South African owned and managed business it’s strategy is to focus on its core competencies and continue to deliver gold standard Construction and Turnaround & Maintenance projects across all energy sectors to their customers, as they have for more than 40 years.
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“This is a very exciting time for the business,” said Stuart Kent, “as we navigate the Covid-19 pandemic, recalibrate our strategy, our processes and procedures to align with the local landscape and move forward as Aurex Constructors whilst leveraging our legacy and expertise to best serve our customers.”
The company is poised for continuous growth. Aiming to continue to deliver projects successfully to its existing customer base whilst looking at opportunities to extend its service offering into new markets targeting new customers.
About Aurex Constructors
Aurex Constructors is a key player in South Africa’s Construction and Turnaround & Maintenance industry with more than 40 years’ experience serving a blue-chip customer base in the oil & gas, mining & metallurgy, infrastructure, petrochemical and clean power sectors. Its 2 main service lines, Construction and Turnaround & Maintenance, deliver structural, mechanical, electrical, instrumentation, piping, plate work (SMEIPP), fabrication
and management services for projects of all sizes and complexities.
100% Locally owned and managed with 51% black ownership and 30% black women ownership. The highly skilled workforce has a proven track record for delivering flexible, innovative and relevant project management solutions tailor-made to customer requirements. We champion excellence. www.aurex.africa.