Stantec is to buy Reading-based consultancy Peter Brett Associates (PBA) for an undisclosed sum.
The Canadian consultancy already has a significant presence in the water infrastructure sector in the UK, and says the move is part of its plan to move into the community development and infrastructure markets. Both sides have signed a letter of intent for the takeover, with the transaction being finalised in September.
The 700-strong PBA workforce, which has worked on projects such as Thames Tideway Tunnel and High Speed 2, will join the 1,000-strong Stantec team in the UK, and 22,000 workforce worldwide. PBA has 14 offices across the UK and Europe.
“Joining forces with Stantec will enable us to provide our clients with greater insights and expertise from the wider Stantec team, and allow PBA to capitalise on the opportunities it is creating in the development and infrastructure markets”, said PBA chairman Keith Mitchell. “We are excited about the opportunities that can flow from joining a team which shares our values and approach to client relationships, and that has demonstrated its track record as a great place to work.”
“Regionally, the project landscape is promising with the UK government’s policy to build 300,000 new homes per year, a five-year program to invest £4.4bn (CAD$7.4bn) in new and refurbished schools, a robust university upgrading initiative, and a major national investment program in UK infrastructure. These programs, paired with the existing role PBA is playing in projects like High Speed 2 and Crossrail 2, position us well for continued growth together,” said Stantec chief executive Gord Johnston.
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