Stantec Inc. has signed an agreement to purchase Cardno Ltd.’s engineering and consulting business in North America and Asia Pacific for $ 500 million.
The Edmonton-based company says the deal helps grow its ecosystem services business.
Cardno’s Latin American operations and international development business are not included in the agreement.
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The acquisition will add around 2,750 professionals to Stantec, nearly doubling its position in Australia to 2,500 employees and increasing its presence in the United States.
Gord Johnston, Stantec CEO, says the company has worked closely with Cardno for many years.
He says Cardno’s key strengths in ecosystem restoration, health sciences, infrastructure, water and government services are complementary to his company’s own offerings in the United States and Australia.
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