Stantec Inc.

Stantec Inc.

August 03, 2005 15:40 ET

Stantec Completes Acquisition of Calgary's CPV Group Architects & Engineers

EDMONTON, ALBERTA--(CCNMatthews - Aug. 3, 2005) - Stantec Inc. (TSX:STN)

Stantec announced today that Stantec Architecture Ltd. has completed the acquisition of Calgary-based CPV Group Architects & Engineers Ltd. (CPV). CPV, founded in 1952, is one of Calgary's leading architecture, interior design, and structural engineering firms. The addition of over 60 CPV staff to Stantec significantly strengthens the firm's architecture and interior design practice in western Canada.

"CPV brings to Stantec a strong team of people that will provide a wealth of experience and leadership to our growing architecture and interior design practice in western Canada," says Tony Franceschini, Stantec President & CEO. "The addition of CPV helps solidify Stantec Architecture as Canada's largest and most geographically diverse architecture and interior design practice."

CPV provides clients services in Architecture, Structural Engineering, Planning, and Interior Design across a wide range of projects including acute care hospitals, long-term facilities, theaters, educational facilities, office, and industrial projects. CPV will also bring the staff and expertise of their interior design group, WOW Design Ltd, and their structural group, both of which have been an integral part of CPV's practice for many years.

"We're looking forward to the many opportunities that joining Stantec offers our staff and clients with the enhanced technical resources and the wider array of services we will be able to offer," says Gerald Culham CPV President. "CPV has developed a team that strives for design excellence and for the growth and betterment of our practice. As a part of Stantec, our mandate going forward is to continue to lead the industry in architecture, creativity, and innovation."

Over the years CPV has won numerous design awards including the prestigious Governor Generals Award for Architecture for the design of the Nexen Building in Calgary plus numerous national and international design awards.

Stantec and CPV recently shared success working together on the design of the $25,000,000 new University of Northern British Columbia Learning and Teaching Centre in Prince George, British Columbia. Stantec's architecture and interior design practice is made up of over 450 employees operating out of Vancouver and Kamloops, British Columbia; Calgary and Edmonton, Alberta; Regina and Saskatoon, Saskatchewan; Winnipeg, Manitoba; and Toronto, Ontario as well as in parts of the United States.

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.

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