Stantec to Acquire Cardno Limited's North American and Asia Pacific Engineering Groups

Stantec entered into share purchase agreements to acquire the North America and Asia Pacific engineering and consulting groups of Cardno Limited for $500 million in cash. The acquisition is expected to close by the end of 2021 and will add approximately 2,750 professionals, significantly expanding Stantec's environmental services and infrastructure businesses.

“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.”

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