Parties
Company
FNX-INNOV Inc.
Company
Artelia Group
On July 28, 2023, FNX-INNOV, a leading Quebec engineering firm, has significantly expanded its reach by merging with Artelia, a top engineering entity in Europe and globally. This strategic move allows FNX-INNOV to serve as Artelia's development platform in North America. Together, they boast a combined workforce of over 8,500 employees and annual sales surpassing $1.3 billion.
Artelia, an independent engineering group with over a century of history, has a strong European base and significant Asia-Pacific presence. This alliance marks Artelia's entry into the North American market, aligning with its sustained and controlled growth trajectory.
The collaboration between FNX-INNOV and Artelia is founded on mutual synergies and values, propelling FNX-INNOV into new markets and activities while leveraging Artelia's multidisciplinary expertise across 40 countries. Richard Hélie, CEO of FNX-INNOV, highlighted this merger as a proud achievement following dynamic growth in Quebec, offering new career and development opportunities for their employees.
Canada's stable economy and mature market present vast potential for the engineering sector, with significant demands in infrastructure, energy, urban development, and industrial performance. FNX-INNOV, with 18 offices and 1,100 employees across Quebec and Canada, brings 50 years of experience in various engineering fields.
Artelia's Executive Chairman, Benoît Clocheret, emphasized the alignment of this growth with Artelia's ambition for international expansion and resilience in a changing world. This partnership aims to enhance their service offerings, diversify their customer base, and have a positive societal and environmental impact.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
27 July 2023