Stantec Acquires Environmental Systems Design For Undisclosed Sum
Portfolio Pulse from Akanksha Bakshi
Stantec Inc (NYSE:STN) has agreed to acquire Environmental Systems Design, Inc. (ESD), a 270-person engineering firm based in Chicago. The deal will deepen Stantec's mission-critical facilities and data center design expertise and strengthen its mechanical, electrical, plumbing, and structural engineering practice in the U.S. by 40%.
June 08, 2023 | 1:13 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stantec's acquisition of ESD will strengthen its engineering practice in the U.S. by 40% and deepen its mission-critical facilities and data center design expertise.
The acquisition of ESD will significantly strengthen Stantec's engineering practice in the U.S. and deepen its expertise in mission-critical facilities and data center design. This will likely make the company more competitive in the market and could lead to increased revenue and growth, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100