Canadian marketing consultant Stantec has purchased the Cosgroves, a constructing engineering firm primarily based in Auckland that employs 90 employees.
Stantec says that the acquisition will improve its fireplace engineering, M&E, hydraulics, sustainability and civils experience.
Extra particularly, it is going to assist Stantec’s progress in healthcare, superior manufacturing and information centre manufacturing.
Cosgroves carried out restore and refurbishment works following the Christchurch earthquakes in 2010 and 2011 and has additionally labored on Rutherford Regional Science and Innovation Centre, Invercargill Central and Manukau Well being Park.
Gord Johnston, Stantec’s president, stated: “Cosgroves is a extremely revered technical agency and bringing them onboard will diversify our choices and reinforce our place amongst the top-ranked corporations in New Zealand.
“Our two corporations have shared values and a historical past of working collectively, and our complementary strengths will assist our strategic plan in a key area we’ve recognized as a core space for progress.”
The monetary particulars of the transaction haven’t been disclosed.
The acquisition will develop Stantec’s employees in New Zealand by 10%, to greater than 900.
Stantec says that each New Zealand’s private and non-private sectors will develop within the coming years, citing Elevated healthcare funding and the necessity to futureproof important companies.
Stantec can also be anticipating progress within the nation’s water, transportation, and authorities sectors and has acquired Cardno, Visitors Design Group, and MWH.
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