MONTREAL - Engineering giant SNC-Lavalin (TSX:SNC) has signed a five-year contract to provide facility management services for BMO Financial Group.
The Montreal-based engineering giant said Tuesday the contract, which includes two optional one-year terms, includes servicing all of BMO's (TSX:BMO) retail branches. The bank has 1,323 facilities and close to 864,000 square metres of floor space.
SNC-Lavalin first signed a five-year contract with the bank in 2007.
"We are thrilled to continue working with BMO Financial Group, a valued client with which we have built a solid relationship," said Charlie Rate, SNC's executive vice-president.
"We are as firmly committed as ever to delivering the highest quality services to the BMO Financial Group and its clients."
Shares of SNC closed 58 cents lower at $44.01 on the Toronto Stock Exchange.
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