While the Company has taken the necessary short term actions to reshape the business to align it with market activity, we have deployed our recently announced strategy for growth.
Our strategy is founded on five strategic themes, executed through five projects, delivering one differentiated strategy. This strategy leverages our core differentiators of deep and broad technical capability and our diverse geographic presence. It strengthens the focus on front end capability, multiple project delivery offerings through the execution phase of projects, and on Improve to provide integrated offerings covering full asset management services and reimbursable EPC for sustaining capital projects. The organizational change into four business lines; Services, Major Projects, Improve and Advisian, supported by our Global Delivery Center, provides the platform for the delivery of this strategy.
The five strategic themes are:
- to build a world class advisory and consulting business
- to be the global project management consultant provider of choice
- to build a leading Improve business
- to be the smartest most agile local service provider
- to be the company that leapfrogs the competition in the use of our global delivery center and applies digital technology to revolutionize the delivery of our services.
We have moved quickly on our strategy. 1 July 2015 saw Advisian operating as a standalone business line with approximately 3,000 consultants operating in 19 countries. During the year, we completed the acquisition of MTG, a management consulting firm focused in the oil and gas, petrochemicals and chemicals sectors.
We also acquired Atlantic Nuclear, a Canadian based consulting business that specializes in nuclear technology including the CANDU technology. This acquisition demonstrates our commitment to deepen our technical capabilities in support of our customers in the broader energy sector.
The development of our Global Delivery Center has progressed with the continuing transfer of project execution activities to India and China as we work with customers to lower the cost of the delivery of their projects.
Over the last 18 months, we have reorganized, simplified the way we work and removed costs to provide a solid foundation for a sustainable business in the short term and a platform from which to launch the next phase of our growth.