Stantec Inc. completed the acquisition of ZETCON Ingenieure GmbH.
Stantec Inc. (TSX:STN) completed the acquisition of ZETCON Ingenieure GmbH on January 8, 2024. Under the terms, Stantec acquired all of the shares of ZETCON Ingenieure GmbH (ZETCON), for cash consideration and notes payable. In a related transaction, Stantec also acquired Morrison Hershfield in Q1 2024 with a combined price of $431.3 million. The acquisition is funded from available $408.1 million cash for investing activities.