We are pleased to announce that we have officially been acquired by Quanta Services (NYSE: PWR), a Fortune 200 company and North America’s largest specialty electrical and utility contractor.
This marks a significant milestone in our journey, reinforcing our position and reputation as a trusted and leading provider of operational technology solutions. As part of the Quanta Services family, we are now backed by the balance sheet of a global industry giant who shares our values and commitment to excellence.
This transformational partnership will strengthen Intellect Systems’ offering, allowing us to leverage the experience and skillsets of the Quanta group to not only execute larger and more complex projects but to accelerate our strategy to pursue diverse and emerging markets.
What this means for our stakeholders:
- Preservation of our identity: Quanta operates a decentralised business model, allowing Intellect Systems to maintain our unique identity, logo, brand, and way of working while benefiting from their expertise and resources.
- Consistent service and support: Our day-to-day operations, previous owners, leadership, and key personnel will remain in the business. You will continue to work with the same team you know and trust. We are committed to maintaining the continuity of our relationships and decision makers.
- Project and supply chain continuity: Your projects and supply chain agreements will not change. We will continue to execute consistently with our process, and all management, commercials, contracts and securities remain in place without interruption.
- Scaled offering and capabilities: With Quanta’s backing, resources and expertise, we will be better positioned to execute larger and more complex opportunities, stepping up the value chain to support your projects better and more seamlessly.
- Expanded market expertise: You know us best for our experience in resources, agriculture, utilities and infrastructure. However, as part of the group we will now have access to success stories and expertise in Defence, Renewables, and Energy Transition projects i.e. Power and Energy Storage Solutions.
About Quanta Services
Quanta Services, Inc. (“Quanta;” NYSE: PWR) is a leading specialty infrastructure solution provider for the utility, renewable energy, communications, and energy industries with the largest and highly trained skilled workforce in North America. Quanta and its subsidiaries have over 60,000 employees across the United States, Canada, Australia and select other international markets.
A Fortune 200 company with a strong balance sheet, Quanta has the financial resources for large and complex projects. Quanta, together with its operating companies, constitute the largest electric transmission and distribution and pipeline specialty contractor in North America.
Quanta maintains a unique, decentralised, entrepreneurial model that encourages innovation and collaboration with each other and its customers— providing unparalleled access to skills and expertise to meaningfully transform the energy industry.
For more information, visit www.quantaservices.com.
