Stantec Inc. (TSX:STN) signed an agreement to acquire ZETCON Ingenieure GmbH on November 14, 2023. ZETCON will join the Stantec. The acquisition is expected to close in January 2024. Sebastian Decker, Simon Wright, Semin O, Henriette Norda, Georg Haberkorn and Marc Lager of DLA Piper Germany and a team of DLA Piper?s office in Vienna acted as legal advisors for Stantec.

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.