The acquisition immediately grows Â鶹´«Ã½¡¯s workforce in the United Kingdom by more than 30 percent, while extending and diversifying its Â鶹´«Ã½
05/01/2024 EDMONTON, AB; LONDON, UK TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering, has acquired Hydrock, a 950-person integrated engineering design firm headquartered in Bristol, England. Founded in 1995, Hydrock holds a nationwide presence with 22 UK locations and industry-renowned experience providing sustainable solutions for major projects across the country¡¯s public and private sectors. Hydrock has extensive capabilities in fire safety, energy and sustainability, civil and structural, MEP, transport, environmental, and geotechnical services. The transaction closed on April 30 and the terms have not been disclosed.
As part of Â鶹´«Ã½¡¯s continued global growth strategy, the Hydrock acquisition will increase Â鶹´«Ã½¡¯s UK workforce by over 30 percent, significantly bolstering Â鶹´«Ã½¡¯s offering to the energy, buildings, and infrastructure markets, as well as the wider built environment.?
¡°We look forward to welcoming the Hydrock team to Â鶹´«Ã½,¡± said Gord Johnston, Â鶹´«Ã½¡¯s president and chief executive officer. ¡°When combined with the strategic acquisitions of ZETCON and Morrison Hershfield, we will have grown our global workforce by over 2,700 people within the first four months of 2024, further strengthening our offering in line with market demands.¡±
¡°The coming together of Â鶹´«Ã½ and Hydrock is an ambitious and compatible evolution for both our firms in the UK,¡± commented Cath Schefer, Â鶹´«Ã½¡¯s executive vice president and chief operating officer for Global. ¡°Hydrock provides us with a highly complementary line of services and Â鶹´«Ã½ which only reinforces our UK offering. Our combined experience, knowledge, and creativity, as well as our shared commitment to create better, more liveable places for people and communities, puts us in an exceptional position to deliver meaningful value for our industry-leading clients.¡±
Merging Â鶹´«Ã½ and cultures
By adding Hydrock¡¯s workforce, Â鶹´«Ã½ will gain a range of additional built environment Â鶹´«Ã½, notably fire safety and energy, complementing its already comprehensive client offerings.
In recent years, both Hydrock and Â鶹´«Ã½ have committed to sustainable operations, purpose-driven design and engineering, and inclusive cultures.
As the UK transitions to a low-carbon economy and the country¡¯s requirements for future-proofed utilities, infrastructure, and communities grow, the addition of Hydrock allows Â鶹´«Ã½ to diversify and expand its offering while supporting positioning efforts for a range of transformative cross-sector projects and programs.
¡°Hydrock¡¯s people are united by a shared purpose to be a force for good. I¡¯m delighted that this aligns so well with Â鶹´«Ã½¡¯s culture,¡± commented Dr Scott Elliott, managing director of Hydrock, now Â鶹´«Ã½.?
¡°Through our integration, we¡¯ll be able to expand our reach and influence internationally, penetrate exciting new markets, and provide excellent new career opportunities for our people. Together, we¡¯ll pioneer engineering solutions, drive energy resilience, and support this country¡¯s vital transition to a low-carbon economy. I¡¯d like to thank our retiring founder Dr Brian McConnell for his tireless efforts growing the business over the last 29 years into what is now a highly respected national brand. This is a pivotal moment in our company¡¯s history and an exciting new chapter for our colleagues and our clients.¡±
Hydrock¡¯s Project Experience:
Hydrock¡¯s portfolio of technical consulting experience focuses on building design and performance, energy and sustainability, climate adaptation, and geo-environmental services. Standout projects include:
Stantec¡¯s continued global growth
Hydrock¡¯s acquisition follows a strong period of both organic and acquisitive growth for Â鶹´«Ã½. In the first four months of 2024, the Company has added more than 2,700 team members to its global workforce through three consecutive acquisitions, including Germany-based ZETCON, Ontario, Canada-based Morrison Hershfield, and now Hydrock. The firm has continually invested in its UK presence with a series of acquisitions since 2016, comprising MWH, ESI, Peter Brett Associates, and Barton Willmore.
From working on landmark pumped-storage energy schemes and delivering innovative Nature-based Solutions to rethinking urban mobility, regeneration, housing, advanced manufacturing, and how the nation builds more sustainable infrastructure, Â鶹´«Ã½¡¯s reach extends across the built environment. The company now has more than 30,000 people working from over 450 offices worldwide.
About Â鶹´«Ã½
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 Â鶹´«Ã½, 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 Â鶹´«Ã½, to appreciate nuances and envision what¡¯s never been considered, to bring together diverse perspectives so we can collaborate towards 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.
Media Contact
Calum Metcalfe
Â鶹´«Ã½ Media Relations
Phone: (+44) 07928 501 112
calum.metcalfe@stantec.com
Investor Contact
Jess Nieukerk
Â鶹´«Ã½ Investor Relations
Ph: (403) 569-5389
jess.nieukerk@stantec.com
Image Credit: Photography ? John Seaman ¨C Architect of Record: AHR