STOCK TITAN

Stantec bolsters environmental services capabilities in the Netherlands with acquisition of AGEL adviseurs

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Stantec has announced the acquisition of AGEL adviseurs, a multi-discipline engineering firm based in the Netherlands, enhancing its capabilities in the region. This strategic move allows Stantec to better serve clients nationwide and expand its portfolio in environmental services, spatial development, and the energy transition. AGEL's expertise will complement Stantec's existing services and positions the company for organic growth. The transaction details were not disclosed, but it is anticipated to strengthen Stantec's presence in the Netherlands' southwest and central regions.

Positive
  • Acquisition of AGEL enhances Stantec's Environmental Services practice.
  • Strategically complements offerings in the Netherlands, facilitating nationwide service expansion.
  • AGEL's expertise in GIS, infrastructure, and environmental services supports Stantec's growth initiatives.
Negative
  • None.

EDMONTON, Alberta and NEW YORK, Dec. 02, 2020 (GLOBE NEWSWIRE) -- TSX, NYSE:STN

Global design firm Stantec has expanded its capabilities in the Netherlands with the acquisition of AGEL adviseurs (AGEL), a multi-discipline engineering firm specializing in environmental services, spatial development, infrastructure, and GIS services. The 75-person firm, based in Oosterhout, is a recognized leader in the Netherlands with a longstanding history in the country’s southwest and central regions. Financial terms of the transaction were not disclosed.

“AGEL enhances Stantec’s global Environmental Services practice and strategically complements our offerings in the Netherlands, where our work has historically focused on the central and northern regions. With the addition of this passionate, community-focused team, we can better support clients across the country and build upon our relationships with an enhanced suite of services,” said Pieter van der Zwet, Stantec’s Regional Leader for Continental Europe. “We are well positioned for organic growth by expanding Stantec’s portfolio of services in this region toward spatial development, the energy transition, and geo- and environmental measurement."

Founded in 1986, AGEL is a trusted consultant to local municipalities and land developers, with advisory services focused on supporting the circular economy, climate adaptation, area development, and the energy transition. The team’s expertise spans master planning, landscape design, roadway engineering, sustainable building design, environmental studies, and GIS analysis. The AGEL team integrates advanced technology with market-leading expertise, leveraging tools such as Building Information Modeling (BIM) and geo viewers to better serve clients and the community.

“Joining Stantec allows us to unlock added value for our clients by tapping into a broader range of services and creating a truly national presence backed by extensive global expertise,” said Remco van Dessel, Director for AGEL. “This also creates an incredible opportunity for our team members, who will have access to Stantec’s global network of experts, resources, and innovation for continued growth opportunities.”

Notable projects in AGEL’s portfolio include:

  • The Treeport Business Centre in Zundert is a business park serving the tree cultivation industry on approximately 60 hectares (148 acres) along the border of Belgium. As the project process manager, AGEL consulted on location studies, 3D visualization and modelling, zoning plans, environmental surveys, and technical development of construction and infrastructure.
  • The redevelopment of the former office of the UWV, the Dutch employee insurance agency, on the Markendaalseweg in Breda will include 170 apartments and commercial space. AGEL’S role on the project involves feasibility studies, zoning plans, demolition preparation, and soil remediation.
  • The province of Utrecht has made it a priority to advance road safety. To support this effort, AGEL has provided surveying services to measure safety indicators for various roadway elements.
  • In Oisterwijk, the 11-hectare (27-acre) Koninklijke Verenigde Leder (Royal United Leather) site, which at one point was Europe's largest leather factory, is now under redevelopment. AGEL’s role in transforming the 100-year-old plant into a business park has involved procurement planning, project management, authentication and validation, water management and sewage planning, and project design.

With 22,000 team members working worldwide, Stantec has more than 220 employees based in the Netherlands.

About Stantec

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

For more information about Stantec’s response to COVID-19, visit Responding to COVID-19.

Media ContactsInvestor Relations Contact
Danny CraigTom McMillan
Stantec Media RelationsStantec Investor Relations
Ph (949) 923-6085Ph (780) 917-8159
danny.craig@stantec.comtom.mcmillan@stantec.com

Remco van Dessel
AGEL Media Relations
Ph +31 6 22 888 991
rvdessel@ageladviseurs.nl

To subscribe to Stantec’s email news alerts, please fill out the subscription form, which is available on the Contact Information page of the Investors section at Stantec.com.

Design with community in mind


FAQ

What is the significance of Stantec's acquisition of AGEL adviseurs?

The acquisition enhances Stantec's capabilities in environmental services and spatial development in the Netherlands, allowing for better client support and service expansion.

When was the acquisition of AGEL by Stantec announced?

The acquisition was announced on December 2, 2020.

How will the AGEL acquisition impact Stantec's operations in the Netherlands?

The acquisition will expand Stantec's service offerings in the Netherlands, particularly in the southwest and central regions, and strengthen its portfolio for organic growth.

What expertise does AGEL bring to Stantec?

AGEL brings expertise in environmental services, spatial development, infrastructure, and GIS, enhancing Stantec's existing capabilities.

What is the stock symbol for Stantec?

Stantec trades under the stock symbol STN on the TSX and NYSE.

Stantec, Inc.

NYSE:STN

STN Rankings

STN Latest News

STN Stock Data

9.10B
113.61M
0.27%
73.31%
0.92%
Engineering & Construction
Industrials
Link
United States of America
Edmonton