Big engineering firm to acquire Engenium

NEW York and Toronto-listed engineering and design firm Stantec has signed a letter of intent to acquire Perth-based Engenium for an undisclosed sum.
Big engineering firm to acquire Engenium Big engineering firm to acquire Engenium Big engineering firm to acquire Engenium Big engineering firm to acquire Engenium Big engineering firm to acquire Engenium

Engenium managing director Wayne Peel

Staff reporter

Founded in 2003, Engenium has developed a reputation as a trusted multi-discipline engineering and advisory services consultancy.

The company, which has more than 170 staff, works across the mining, energy and industrial spaces, including assisting partners with the transition to renewable energy and the development of battery mineral projects.

"Engenium and Stantec share a passion for applying sustainable best practices to projects," Stantec Australia country leader Jose Granado said.

"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. 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's current and recent projects include the definitive feasibility study for Fortescue Metals' Group's Eliwana iron ore project, project management services for BCI Minerals' Mardie salt and potash project, and project delivery services for Pilbara Minerals' Pligangoora lithium project.

"Joining Stantec enhances our ability to service larger projects, with the depth of a global firm that operates on all seven continents," Engenium managing director Wayne 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."

It is the fifth acquisition for Stantec in Australia in the past five years and it now has 1100 staff across multiple Australian offices.

Stantec has acquired more than 130 companies since 1994.

The company, founded in Edmonton in 1954, now has 22,000 employees working across 350 locations.

It has a market capitalisation of more than US$4.9 billion.