Plus   Neg

Quanta Services Acquires Northwest Lineman College - Quick Facts

Quanta Services, Inc. (PWR), a specialized contracting services company, said that in January 2018 it completed the acquisition of Northwest Lineman College or NLC, an educational and training institution serving the electric power industry. The company noted that the acquisition supports its strategic plan for future growth.

NLC is the largest educational and training organization that trains across the full lifespan of a line worker's career, from pre-apprenticeship through experienced lineman.

NLC was founded in 1993, is based in Boise, Idaho, with additional campuses in California, Florida and Texas, and trained approximately 5,600 people in 2017.

Quanta Services noted that NLC's existing management team will remain in place, with founder Aaron Howell continuing in his leadership role as President of NLC.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab. The European Union on Wednesday ordered Alphabet Inc.'s Google to pay an antitrust fine of 1.49 billion euros for abusing its dominant position in the online search advertising intermediation market by preventing competition. This is the third antitrust fine by the EU against Google and it represents 1.29 percent of the tech giant's turnover in 2018. Shares of BMW Group declined around 5 percent in German trading after the auto giant reported Wednesday weak profit in its fiscal year 2018, despite a 0.1 percent growth in Automotive revenues with higher deliveries. Looking ahead for fiscal 2019, the company expects Group profit before tax will be well below the previous year's level. BMW said it is confident of volume growth in Automotive unit.
Follow RTT