Global engineering and design firm Stantec has signed a letter of intent (set to close in 2Q21) to acquire Engenium, a project delivery consultancy specialising in the delivery of mining, resources, and industrial infrastructure projects.
The acquisition of Engenium comes on the heels of Stantec’s recent addition of Australia-based transportation planning and engineering firm GTA Consultants, further expanding Stantec’s footprint in Australia. The financial terms of the transaction were not disclosed.
Founded in 2003, Engenium has developed a reputation as a trusted multi-discipline engineering and advisory services consultancy – having assisted many of Australia’s most influential mining, resources, and industrial infrastructure clients in the delivery of their projects, from concept through production. Most recently, the firm helped large scale partners transition to renewable energy, develop battery minerals projects, and achieve critical sustainability goals and objectives.
“Engenium and Stantec share a passion for applying sustainable best practices to projects across the globe,” said Gord Johnston, President and Chief Executive Officer, Stantec. “It’s exciting to welcome Engenium to our team as we look to add depth and expertise to our existing mining business in Australia and beyond. Engenium’s experience in mine development, mineral processing, and renewable energy operations builds on our track record of sustainable project delivery and support of energy transition.”
Read the article online at: https://www.globalminingreview.com/mining/12042021/stantec-signs-letter-of-intent-to-acquire-engenium/