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Stantec completes acquisition of select Cardno businesses to grow 环境服务 and Infrastructure footprint

12/08/2021 EDMONTON, AB TSX, NYSE:STN

Stantec (TSX, 纽约证券交易所:STN), a global leader in sustainable design and engineering, today announced that it has completed the previously announced acquisition of the 北美 and Asia Pacific engineering and consulting groups (“the Acquisition”) of Cardno Limited (“Cardno”).

“Since announcing the Acquisition in October, both Stantec and Cardno employees have been very eager to begin collaborating with each other. I would like to welcome Cardno’s 2,750 employees to Stantec today and I look forward to the tremendous opportunities that lie ahead,约翰斯顿说, President and Chief Executive Officer. “在澳大利亚, Cardno nearly doubles our presence and gives us the critical mass in talent and services to establish ourselves as a major participant and propel our growth in that market. 在美国, we will benefit from our increased presence in the environmental services space, and our increased exposure to US stimulus spending. We are excited to have Cardno’s talented employees on board to grow with us.”

Cardno shareholders voted overwhelmingly in favor of the Acquisition, with more than 99% of voted shares approving the Acquisition.

Pursuant to the agreement announced by both firms on October 21, 2021, the Acquisition was completed for aggregate cash consideration of US$500 million financed through Stantec’s existing funds and credit facilities.

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Stantec trades on the TSX and the NYSE under the symbol STN.

进一步的信息:

Investor Relations Contact
汤姆·麦克米兰
Stantec Investor Relations
Ph (780) 917-8159
tom.mcmillan@stantec.com

媒体接触                 
丹尼·克雷格
Stantec媒体关系
Ph (949) 923-6085
danny.craig@stantec.com

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