Stantec Inks Deal To Acquire Engineering Firm Environmental Systems Design; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Stantec has signed an agreement to acquire engineering firm Environmental Systems Design (ESD). The acquisition is expected to close on June 30, 2023. Terms of the deal were not disclosed.
June 08, 2023 | 10:50 am
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POSITIVE IMPACT
Stantec's acquisition of Environmental Systems Design is expected to strengthen its engineering capabilities and expand its client base.
The acquisition of ESD, a reputable engineering firm, will likely enhance Stantec's engineering capabilities and attract industry-leading clients. This could lead to increased revenues and growth for the company, positively impacting its stock price in the short term.
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