Aecon Utilities expands electrical services and power systems capabilities with acquisition of Ainsworth's Power Construction business
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Aecon Group Inc. has expanded its electrical services and power systems capabilities by acquiring Ainsworth's Power Construction business. The acquisition is financed through Aecon Utilities' credit facility.
December 02, 2024 | 4:45 pm
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Aecon Group Inc. has acquired Ainsworth's Power Construction business, enhancing its electrical services and power systems capabilities.
The acquisition of Ainsworth's Power Construction business by Aecon Group Inc. is likely to enhance its service offerings and capabilities in the electrical services and power systems sector. This strategic move is expected to positively impact Aecon's market position and growth potential, leading to a likely short-term positive impact on its stock price.
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