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Washington DC-based Stantec completes acquisition of Teshmont [free access]

October 5, 2020

The Washington DC-based global engineering and design firm, Stantec, recently announced the acquisition of Teshmont—a Canadian-based electrical engineering consulting company, specialising in high voltage (HV) power transmission and distribution engineering.

 

The move by Stantec comes in a bid to strengthen its position in the transition to renewable energy (RE) projects currently underway—a growth opportunity, which is forecasted by the International Energy Agency (IEA) to result in USD13 trillion in spending between 2020 and 2025.

 

Teshmont’s technical expertise is set to empower Stantec’s Energy & Resources’ operations in Winnipeg city, Canada and will expand Stantec’s burgeoning RE portfolio, specifically wind, solar, hydro, cogeneration and energy capture programmes.