140-person firm has internationally recognized expertise in energy
and resources, mining industries
Alberta based, global engineering and design firm Stantec has signed a
Letter of Intent to acquire Norwest Corporation (Norwest). With the
addition of Norwest, Stantec’s Energy & Resources business operating
unit will add a strong mining practice to the Company’s portfolio in
western Canada.
Norwest, a 140-person energy and resources firm headquartered in
Calgary, Alberta, has offices in Vancouver, British Columbia; Denver and
Trinidad, Colorado; Salt Lake City, Utah; and Charleston, West Virginia.
“We are excited to welcome Norwest to our Energy & Resources business at
Stantec,” says president and chief executive officer, Gord Johnston. “We
are seeing positive momentum in this sector after a number of
challenging years. Both firms were able to effectively manage business
during the economic downturn, and we are looking forward to expanding
Stantec’s geotechnical, geological, and mining work for our Energy &
Resources clients across western Canada and the western United States.
Together, we will continue to work with our clients to find innovative,
sustainable, and safe resource development opportunities.”
Norwest has been involved with western Canadian energy and mining
projects for over 35 years. The firm has a long-standing involvement
with resource assessment, and mine development in Alberta’s mineable oil
sands working closely with clients from early development stages through
to operations, and reclamation. Norwest’s capabilities span the full
project life cycle which includes drilling project management, oil sands
geological deposit modeling, surface mine planning, hydrology, and
geotechnical engineering. More recently, Norwest has shifted their focus
to partnering with oil sands operators who require design and
construction of compensation lakes, tailings dam design, and on-site
geotechnical monitoring.
“Norwest employees are looking forward to joining Stantec and combining
our talents to support our clients and communities,” says Steve Cameron,
president Norwest. “When we first explored becoming part of Stantec, it
was clear that our professional work aligned, and our Company’s values
were very similar. We appreciate their continued commitment to our
industry, and their desire to grow and diversify operations. We are
confident that by joining Stantec our expertise, paired with Stantec’s
resources, will provide a positive impact to both staff and clients.”
With the addition of Norwest to Stantec’s current Energy & Resources
operations, the mining sector in western Canada will grow to over 100
employees. In the Vancouver market, Norwest’s presence has assisted in
the re-development of the northeast British Columbia coal mining sector,
and new metal mine development projects. In the United States, Norwest
has established itself as the leading coal mining consultant with
expertise in resource and reserve assessments, mine planning, mineral
processing, water management and permitting, and due diligence
activities.
Norwest has successfully supported a number of international mining
projects in eastern Europe, South America and China, drawing on their
leadership in geology, mining engineering, and tailings management from
their North American offices.
The Norwest acquisition is expected to close in Q2 2018.
About Stantec
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 Stantec, 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 expertise,
to appreciate nuances and envision what's never been considered, to
bring together diverse perspectives so we can collaborate toward 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. Visit us at
stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements. By their nature,
forward-looking statements require us to make assumptions and are
subject to inherent risks and uncertainties. There is a significant risk
that a number of factors could cause actual future results to differ
materially from the forward-looking statements made in this news
release. These factors include, but are not limited to, the risk that
the proposed transaction does not close when expected or at all or that
the anticipated benefits of the transaction are not realized.
Design with community in mind
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