Sustainable design and engineering firm, Stantec (NYSE:STN) will acquire ZETCON Engineering, a 645-person engineering firm headquartered in Bochum, Germany.
ZETCON has built a reputation as an industry leader in infrastructure planning, inspection, project management, and construction management.
The terms of the transaction are not disclosed.
The acquisition of ZETCON is consistent with Stantec’s (STN) strategic effort to expand in key global markets, creating a platform for long-term organic growth.
The acquisition is expected to close in January 2024.