{"id":473466,"date":"2021-04-08T06:48:26","date_gmt":"2021-04-08T10:48:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473466"},"modified":"2021-04-08T06:48:26","modified_gmt":"2021-04-08T10:48:26","slug":"stantec-signs-letter-of-intent-to-acquire-engenium-deepening-sustainable-mining-project-delivery-and-advisory-service-capabilities-in-australia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stantec-signs-letter-of-intent-to-acquire-engenium-deepening-sustainable-mining-project-delivery-and-advisory-service-capabilities-in-australia\/","title":{"rendered":"Stantec signs letter of intent to acquire Engenium, deepening sustainable mining project delivery and advisory service capabilities in Australia"},"content":{"rendered":"
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EDMONTON, Alberta and NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) — Global engineering and design firm Stantec has signed a letter of intent (set to close in Q2 2021) to acquire Engenium, a project delivery consultancy specializing in the delivery of mining, resources, and industrial infrastructure projects. The acquisition of Engenium comes on the heels of Stantec\u2019s recent addition of Australia-based transportation planning and engineering firm GTA Consultants<\/a>, further expanding Stantec\u2019s footprint in Australia. The financial terms of the transaction were not disclosed.<\/p>\n

Founded in 2003, Engenium has developed a reputation as a trusted multi-discipline engineering and advisory services consultancy\u2014having assisted many of Australia\u2019s most influential mining, resources, and industrial infrastructure clients in the delivery of their projects, from concept through production. Most recently, the firm has helped large-scale partners transition to renewable energy, develop battery minerals projects, and achieve critical sustainability goals and objectives.<\/p>\n

\u201cEngenium and Stantec share a passion for applying sustainable best practices to projects across the globe,\u201d said Gord Johnston, President and Chief Executive Officer, Stantec. \u201cIt\u2019s exciting to welcome Engenium to our team as we look to add depth and expertise to our existing mining business in Australia and beyond. Engenium\u2019s experience in mine development, mineral processing, and renewable energy operations builds on our track record of sustainable project delivery and support of energy transition.\u201d<\/p>\n

Headquartered in Perth, Western Australia, Engenium has multi-year framework agreements with many of the country\u2019s major local mining houses and is involved in both brownfield and new greenfield project developments. Additionally, the team is at the forefront of decarbonization and clean energy technology, having worked on studies, pilot plants, and full-scale production plants to advance critical minerals projects into an operational state to meet global demand.<\/p>\n

Recently, Engenium has helped large-scale mining clients implement green energy into their operations\u2014this includes solar power, battery energy systems, steam regeneration, wind, and other renewable energy sources. The global push towards decarbonization and addressing climate change has driven long-term demand not only for iron ore but also nickel, copper, lithium, manganese, cobalt, and other materials needed in batteries, solar power, wind power, and carbon capture technologies.<\/p>\n

More and more mining companies are directly addressing decarbonization in their operational objectives and looking to diversify their energy mix from pure fossil fuels, with the vast majority moving to increase renewable energy into their operations. Engenium\u2019s complementary skillset, size, and reputation will be invaluable to the sustainability and growth of Stantec\u2019s existing business in Australia and beyond.<\/p>\n

Some notable projects in Engenium\u2019s portfolio include<\/p>\n