Ausenco has acquired 100% of Reaction Consulting, a Canadian-based specialist provider of engineering services in the SAGD bitumen and oil sands sectors. Ausenco CEO Zimi Meka said the acquisition would enhance Ausenco’s energy portfolio expertise and provide an immediate strategic local Calgary presence pivotal to North America’s growing oil sands market. “We are committed to growing the Energy business significantly and we anticipate 2012 revenues of between $5 and $7 million from this acquisition. The $3.8 million purchase price will be funded from Ausenco’s existing cash reserves.”