08:49 AM EST, 11/03/2025 (MT Newswires) -- Aecon Group ( AEGXF ) , which lost near 4% last Friday, announced Monday that its unit, Aecon Utilities Group, entered into a definitive share purchase agreement to buy K.P.C. Power Electrical and K.P.C. Energy Metering Solutions, headquartered in Ontario. No financial details were provided.

The company said KPC's existing management and operational teams will continue with KPC upon closing of the deal, which is expected in the fourth quarter of 2025. KPC's Power Electrical business provides high-voltage testing and commissioning services and KPC's Energy Metering Solutions business provides end-to-end services.

"The acquisition of KPC strengthens our relationships with key clients, increases recurring revenue, expands our expertise and capacity, and accelerates our ability to harness significant grid modernization, electrification and infrastructure upgrade opportunities," said Aecon Group ( AEGXF ) chief executive Jean-Louis Servranckx.

Shares of the company closed down $1.26 to $30.92 on Friday on the Toronto Stock Exchange.