{"id":13888,"date":"2023-11-22T12:58:20","date_gmt":"2023-11-22T12:58:20","guid":{"rendered":"https:\/\/tunnelingworld.com\/?p=13888"},"modified":"2023-11-22T12:58:20","modified_gmt":"2023-11-22T12:58:20","slug":"stantec-to-acquire-zetcon-engineering","status":"publish","type":"post","link":"https:\/\/tunnelingworld.com\/?p=13888","title":{"rendered":"Stantec to Acquire ZETCON Engineering"},"content":{"rendered":"

A global leader in sustainable design and engineering, Stantec<\/a>, has signed an agreement to obtain ZETCON Engineering<\/a>, a 645-person engineering company headquartered in Bochum, Germany. ZETCON was founded in 1973 and has built a reputation as an industry leader in infrastructure planning, inspection, project management, and construction management.<\/p>\n

The acquisition of ZETCON gives Stantec a powerful platform focused on infrastructure. ZETCON has a total of 13 offices covering all central German metropolitan areas. The company has vast industry expertise in bridge certification and assessment, project and construction management of tunnels, roads, and rail infrastructure, plus building condition assessments, certifications, and improvements.<\/p>\n

Combined with Stantec’s global knowledge and capabilities, ZETCON’s national presence and expertise in the German market will deliver the opportunity to diversify the business further and grow in other sectors over time. However, Stantec\u2019s global expertise in water and power engineering, buildings, advanced manufacturing, and environmental services also offers potential for growth in the German market.<\/p>\n

The German construction market is the most considerable in Europe at EUR427 billion in 2022. There is constant high demand for the renovation of German infrastructure, especially bridges, tunnels, railway construction, and power grids, all stress areas of ZETCON.<\/p>\n

Germany is scheduling substantial upgrades to aging infrastructure while extending its transition to sustainable energy sources. For instance, the Federal Transportation Route Plan 2030 outlines a EUR270 billion investment in roads, railways, and waterways, while the German transmission grid is envisioned to need a EUR240 billion investment leading up to 2045.<\/p>\n

Gord Johnston, Stantec president and chief executive officer, stated: \u201cZETCON gives us a significant foothold in Germany, a large economy with massive infrastructure needs over the coming years,\u201d<\/p>\n

\u201cExpanding our presence in Europe has long been an ambition for Stantec, and this acquisition will set us up for long-term growth in the region.\u201d<\/p>\n

In addition, Caspar Tillmann, ZETCON chief executive officer, expressed: \u201cStantec is a renowned global engineering firm that brings the clout to help us grow in a fragmented German engineering market.\u201d<\/p>\n

He also noted: \u201cJoining Stantec will expand the range of services we can offer our clients, give us the capacity to work on larger, more complex projects, and give our employees the opportunity to partner with best-in-class global expertise.\u201d<\/p>\n

ZETCON\u2019s portfolio of experience concentrates on infrastructure projects for public clients like Deutsche Bahn, federal real estate agencies, public utilities, airports, and network transmission operators. Over 95 percent of the company\u2019s business resides with public sector clients.<\/p>\n

Projects in ZETCON\u2019s portfolio comprise:<\/p>\n