Stantec to acquire select assets of Cardno for $500m.

Stantec, a provider of sustainable design and engineering, agreed to acquire select assets of Cardno, an engineering services company, for $500m. "Joining Stantec offers a tremendous opportunity to the people of both companies to accelerate our combined growth given how complementary our strengths are in the regions we operate. Our combined Australian operations will strengthen our position as a top tier engineering and design firm there, and this will open new opportunities for us. As this process has played out, the one thing that has been striking is the commonality between our values and cultures," Susan Reisbord, Cardno CEO.