EQT Mid Market US to acquire Innovyze from Stantec.

EQT Mid Market US, a company that makes equity investments in high-quality companies with strong market positions, agreed to acquire Innovyze, a global provider of smart water infrastructure modeling and simulation software solutions, from Stantec, an international professional services company in the design and consulting industry. Financial terms were not disclosed. “We are deeply impressed by Innovyze’s strong management team, culture of continuous innovation and track record of growth. Innovyze has successfully differentiated itself through best-in-class software capabilities and a collaborative customer approach, resulting in an industry reputation for excellence and high client satisfaction. We are very excited about the future growth of the global water infrastructure market and Innovyze’s position at the forefront of this important sector, and believe that EQT’s industrial network, international expertise and experience in the water infrastructure space will support Innovyze in achieving its full potential," Matthew Levine, EQT Mid Market US, Investment Advisor.