Leading Canadian engineering firm, Stantec Inc., has completed the acquisition of Colorado-based MWH Global Inc., a global leader in water and natural resources for built infrastructure and the environment.
MWH has supported some of the world’s most renowned water infrastructure projects, including the Thames Water Asset Management Programme 6 (AMP 6) in the UK as part of an alliance, and served as lead designer on the Panama Canal Third Set of Locks Project in Panama.
MWH Global boasts 6,800 employees worldwide, and so the acquisition will enable Stantec Inc. to expand its energy and resources portfolio by cross-selling its services and providing clients with a broader offering.
The transaction is aligned with Stantec’s growth strategy of building a top-tier presence in its chosen markets. Historically, Stantec has developed a strong presence in North America; this acquisition will aid Stantec in developing a stronger presence in targeted geographies, such as the United Kingdom, Europe, Central America, South America, the Middle East, Australia and New Zealand.
Speaking of the acquisition, MWH chairman and CEO Alan Krause said: “By combining the talents and expertise of our employees, we have forged an even stronger team to address our clients’ most challenging issues in water and infrastructure.
“We are excited to join the expertise and experience of Stantec and MWH in a transaction that will enable us to throve and grow amidst an increasingly complex industry landscape by strengthening our combined ability to solve the most pressing water, transportation and infrastructure challenges today.
“Our highly complementary cultures, shared approach to client service and extended global reach should yield multiple benefits for our clients, employees and the communities we serve.”
Also commenting was Stantec’s president and CEO, Bob Gomes: “The closing acquisition marks an important step in the Company’s continued journey to be a top global design firm. MWH brings new geographical presence, acclaimed industry reputation, and most importantly, shared values in their dedication to communities.”
Executive leaders from Stantec and MWH are working together to develop an integration strategy that identifies and leverages both companies’ collective strengths.
In combination, Stantec is expected to have approximately 22,000 team members across 400 global locations.