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Stantec to acquire Engenium, power up project consultancy

Stantec to acquire Engenium, power up project consultancy
Mining News Pro - Stantec will be handed the reins to deliver a range of resources projects after the multinational company signed an agreement to acquire Engenium.
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Among Engenium’s notable undertakings are Goldfields’ solar projects for the Leinster operations; Alinta Energy’s Chichester solar/gas hybrid energy project; and Pilbara Minerals’ two million tonnes per annum Pilgangoora lithium project, all located in Western Australia.

Over the course of the Australian project delivery consultant’s 18 years of business, the company has focussed on providing feasibility studies, improving operational efficiencies, representing clients for project investment, and facilitating brownfield expansion and maintenance projects.

While no financial terms have been revealed, the deal was announced amicably, as Engenium managing director Wayne Peel said it made sense for both parties.

“Joining Stantec enhances our ability to service larger projects, with the depth of a global firm that operates on all seven continents,” Peel said.

“Stantec’s values align with our commitment to sustainability leadership, and to putting people first. We are thrilled to join their global community.”

With an eye for sustainable projects, the deal would allow Stantec to grow its portfolio in the Australia Pacific region where critical minerals such as nickel, copper and lithium are growing in demand to supply the renewable energy market.

The global design firm pledged to a target of operational net zero emissions by 2030 and was labelled the fifth most sustainable company in the world for 2021 by Canadian eco-business magazine Corporate Knights.

Stantec Australia country leader José Granado echoed the compatibility of the two consultancies.

“Engenium and Stantec share a passion for applying sustainable best practices to projects. It’s exciting to welcome Engenium to our team as we look to add depth and expertise to our existing mining business in Australia and beyond,” Granado said.

“Engenium’s experience in mine development, mineral processing, and renewable energy operations builds on our track record of sustainable project delivery and support of energy transition.”

Engenium will bring almost 200 staff across, adding to Stantec’s 1000-plus Australia-based employees.


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