Stantec Inc. has announced that it has completed the acquisition of Colorado-based MWH Global, Inc. a 6,800-person engineering, consulting and construction management firm focused on water and natural resources for built infrastructure and the environment.
With 187 offices distributed across 26 countries, Stantec said the acquisition will expand its position as a global leader in water resources infrastructure while gaining presence in key geographies, including the United Kingdom, Australia, New Zealand, South and Central America, Europe and the Middle East.
MWH shareholders voted overwhelmingly in favour of the acquisition - 97% of the issued and outstanding MWH shares were voted and the vote was 99.7% in favour of approving the deal.
“The closing of the acquisition marks an important step in the Company’s continued journey to be a top global design firm,” said Bob Gomes, Stantec president and chief executive officer. “MWH brings new geographic presence, acclaimed industry reputation, and most importantly, shared values in their dedication to communities.”
Along with its global network of staff, MWH brings capabilities that are new to Stantec, including its Engineering and Technical Services group, which provide water-related design services to key hydro-power, oil and gas, mining, and industrial clients.
MWH further contributes in terms of construction management, program management, and management consulting business services related to water infrastructure. Within the construction field, MWH has a significant range of capabilities, with the majority being construction management at-risk performed on water-related projects in the United States and the United Kingdom.
Executive leaders from Stantec and MWH are now working together to develop an integration strategy that identifies and leverages the firms’ combined strengths. In combination, Stantec will have approximately 22,000 team members distributed across more than 400 offices located around the world.
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