Stantec (TSX/NYSE: STN) has entered into an agreement to acquire Cegertec. The transaction is expected to close on May 25, 2018. Financial terms were not disclosed.
Chicoutimi, Quebec based Cegertec has 250 employees with additional offices located in Quebec City, Montreal and, soon, in Beauce’s St-Georges.
Cegertec is controlled by #SUBSCRIBERS ONLY CONTENT Where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. See what you have been missing and be informed!#
photo credit: Cegertec
Stantec Signs Letter of Intent to Acquire Cegertec
Firm enhances top-tier engineering positioning in Quebec with strong expertise
EDMONTON, AB; NEW YORK, NY (April 26, 2018) TSX, NYSE:STN
Global design firm Stantec is enhancing its top-tier engineering positioning in Quebec with the acquisition of Saguenay-based Cegertec. Cegertec has a rich 60-year history and are established leaders in power, industrial, building, and infrastructure. The 250-person firm has a central office in Chicoutimi, Quebec; additional offices are located in Quebec City, Montreal and, soon, in Beauce’s St-Georges. The transaction is expected to close on May 25, 2018.
“The acquisition of Cegertec is a sign of our continuing commitment to grow our expertise and diversify our operations in the Quebec market. Cegertec will expand our geographic presence throughout the province,” says Isabelle Jodoin, Stantec’s senior vice president, Quebec. “The firm, which is recognized for its solid client relationships and technical excellence, greatly complements Stantec’s existing Quebec team, both with respect to markets and geographic presence. Our clients will now have access to a larger, comprehensive pool of resources, and a wide array of expertise and services under one banner, thanks to a combined team of 1,500 employees in Quebec.”
Cegertec’s team has carried out engineering and project management in Quebec, elsewhere in Canada, and in the United States, for industrial, aluminum, mining, and power clients, as well as for municipal and government clients. “We are excited to join Stantec. We share a similar culture and complementary services and operations,” says Serge Savard, Cartier’s vice president operations, finance, and administration. “We are also proud to soon be part of a strong, well-established team in Quebec, where we can bring our power, industrial, building and infrastructure expertise. We look forward to providing a wider range of services to our clients thanks to Stantec’s market diversity.”
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That’s why at Stantec, we always design with community in mind.
We care about the communities we serve—because they’re our communities too. This allows us to assess what’s needed and connect our expertise, to appreciate nuances and envision what’s never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.
We’re designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.
Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.
- IQ and BDC Cleantech Practice invest in NanoXplore’s $25M bought deal financing - April 3, 2020
- Whitehorse Liquidity Partners launches Fund IV - April 3, 2020
- Stone Canyon Industries closes US $2B acquisition of Kissner Group Holdings - April 1, 2020