Stantec Inc has completed the previously announced acquisition of MWH Global, Inc in a deal that will earn the firm greater presence in key targeted geographies, including the UK, Australia, New Zealand, South and Central America, Europe and the Middle East.
The Acquisition closed pursuant to the agreement announced by both firms on March 29, 2016. The MWH shareholders voted overwhelmingly in favor of the Acquisition. 97% of the issued and outstanding MWH shares were voted, and the vote was 99.7% in favor of approving the Acquisition.
"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."
Broomfield, Colorado-based MWH is a 6800-person engineering, consulting and construction management firm focused on water and natural resources for built infrastructure and the environment Along with its global network of staff, MWH brings capabilities that are new to Stantec, the company said in a statement, including its Engineering and Technical Services group, which provide water-related design services to key hydropower, oil and gas, mining, and industrial clients.
