Stantec Inc.

Stantec Inc.

August 26, 2005 09:00 ET

Keen Engineering Signs Letter of Intent to Join Stantec

EDMONTON, ALBERTA--(CCNMatthews - Aug. 26, 2005) - Stantec (TSX:STN) (NYSE:SXC)announced today that Keen Engineering (Keen) has signed a letter of intent to join with Stantec. Keen_headquartered in Vancouver, British Columbia with approximately 275 employees and 10 offices in Canada and two in the United States_is considered to be one of the leading sustainable building systems design firms in North America. The transaction is expected to close in October.

"The addition of Keen is an important step in the evolution of Stantec's sustainable design capabilities," says Tony Franceschini, Stantec President & CEO. "When Keen's 163 LEED ® accredited professionals are combined with our existing capabilities in building systems as well as architecture, interior design and other related services, Stantec will have one of the largest sustainable design teams in North America with over 280 LEED® accredited professionals."

Keen is a progressive consulting engineering firm specializing in sustainable mechanical, electrical, and plumbing design for buildings and facilities. The company is one of the leaders and advocates of the green building design movement throughout North America. Keen has provided professional services for over 45 years and has offices in Vancouver, Victoria, Abbotsford, Kamloops, and Kelowna, British Columbia; Calgary and Edmonton, Alberta; Toronto and Ottawa, Ontario; Montreal, Quebec; Seattle, Washington; and San Francisco, California.

"Joining Stantec will accelerate our vision of being a top-tier integrated building design firm promoting sustainable development," says Kevin Hydes, Keen President & CEO. "As a part of Stantec we will have access to resources that will immediately allow us to enhance the depth and breadth of services provided to our clients."

Stantec and Keen have worked together on a number of design projects including the Vancouver International Airport and the Winnipeg International Airport.

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Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through more than 4,500 employees operating out of over 50 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN and on the New York Stock Exchange under the symbol SXC.

Contact Information

  • Stantec
    Kris Connor
    Media Relations
    (780) 969-2015
    Simon Stelfox
    Investor Relations
    (780) 917-7288
    Keen Engineering
    Kevin Hydes
    President & CEO
    (514) 486-5336