Toronto, ON – April 17, 2015: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded two contracts valued at approximately $110 million for work in Aecon’s Mining segment.
Toronto, ON – April 14, 2015: Aecon Group Inc. (TSX: ARE) announced today that it has been awarded contracts by five key clients for work in Aecon’s Energy segment in Ontario. The value of work is approximately $93 million in hard backlog and approximately $85 million in annual recurring revenue.
Brantford, ON – April 13, 2015: Aecon Group Inc. (TSX: ARE) and the Six Nations Elected Council through its entity Six Nations of the Grand River Development Corporation (Six Nations) are pleased to announce that they have entered into a joint venture agreement. A signing ceremony was held today to formally celebrate and recognize the completion of the joint venture agreement.
Toronto, ON – April 13, 2015: Aecon Group Inc. (TSX: ARE) announced today that it has completed the sale of its wholly-owned subsidiary Innovative Steam Technologies (IST) to Fulcrum Capital Partners. Gross cash proceeds of the sale will be approximately $35 million, with additional proceeds over the following two years contingent on IST achieving certain earn-out conditions based on performance.
Toronto, Ontario – April 7, 2015: Aecon Group Inc. (TSX: ARE) announced today that it intends to release its first quarter 2015 financial results on Monday, May 11, 2015 after market close, and has scheduled a conference call for 10 a.m. (ET) on Tuesday, May 12, 2015.
Toronto, Ontario – March 4, 2015: Aecon Group Inc. (TSX: ARE) today reported results for the fourth quarter and full year 2014, including backlog of $2.7 billion – a 50 per cent increase over backlog of $1.8 billion at the end of 2013. Aecon’s Board of Directors approved an increase in the annual dividend to $0.40 per share from $0.36 per share.
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