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  • Stantec (STN) has acquired Driven by Values, a Netherlands-based engineering and consulting firm
  • Driven by Values brings a proven track record of success consulting public and private clients across the Netherlands
  • The acquisition of Driven by Values advances Stantec’s strategic growth plan in the Netherlands
  • Stantec is a global engineering and construction firm
  • Stantec Inc. (STN) opened trading at C$68.31 per share

Stantec (STN) has acquired Netherlands-based Driven by Values, enhancing its energy transition capabilities.

Driven by Values, a 28-person engineering and consulting firm, is a trusted partner for government and utility clients navigating the transition toward sustainable energy generation.

Financial terms of the transaction were not disclosed.

Pieter van der Zwet, Stantec’s Regional Leader for Continental Europe, commented on the acquisition.

“Known as a pioneer in the energy transition sector, Driven by Values reflects Stantec’s commitment to designing with community in mind by delivering creative solutions and meaningful stakeholder engagement. In addition to expanding our presence in the Netherlands, Driven by Values enhances our ability to support commercial and government clients through policy development and the application of innovative tools designed for the full energy transition cycle.”

“This acquisition creates exceptional opportunities for our team both locally and across the European Union, which aims to achieve climate neutrality by 2050,” he added.

Driven by Values has built a strong presence across the Netherlands. The firm brings a proven track record of success consulting public and private clients on the most effective methods to navigate the energy transition and manage change. 

Dennis Fokkinga, Managing Partner of Driven by Values remarked,

“Our partnership with Stantec provides an incredible opportunity to expand the impact of our tools and services in a global context, where the need to manage emissions has increased in urgency. With shared values related to sustainable community-centric development, we are confident that this strategic alignment will deliver great value to our employees, clients, and the communities we serve.”

The acquisition of Driven by Values advances Stantec’s strategic growth plan in the Netherlands.

Stantec is a global engineering and construction firm. Services include engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Stantec Inc. (STN) opened trading at C$68.31 per share.

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