Qualus LLC and 2737813 ALBERTA LTD to acquire North America T&D

Qualus LLC and 2737813 ALBERTA LTD have agreed to acquire the assets of North America T&D in a transaction valued at USD 110 million. The deal, classified as an asset sale within the Transmission & Distribution engineering sector, was settled entirely in cash. The target operates primarily in the United States, and the transaction was announced and completed on the same date, 31 October 2025. This acquisition represents a significant transfer of engineering assets to the new buyers, who are now the owners of the acquired business operations.

The transaction has been finalised, with all necessary steps completed as of the announcement date. No further regulatory approvals or closing conditions are pending for this specific deal structure. The parties have successfully concluded the exchange of assets for the agreed consideration. The transaction is now fully effective and the assets are under the control of the new owners.