Stantec to Acquire Cardno Limited’s North American, Asia Pacific Engineering and Consulting Groups
EDMONTON, ALBERTA, Canada — Stantec, a global sustainable design and engineering firm, entered into share purchase agreements to acquire the North America and Asia Pacific engineering and consulting groups of Cardno Limited. Under the terms of the acquisition, Stantec will acquire select assets of Cardno Limited for aggregate cash consideration of $500 million.
In alignment with its strategic plan, Stantec is selectively acquiring strategically complementary assets of Cardno. Cardno’s Latin American operations and international development business are excluded from the acquisition.