07:34 AM EDT, 04/03/2025 (MT Newswires) -- Stantec ( STN ) , a global player in sustainable design and engineering, on Thursday agreed to buy Page, a 1,400-person architecture and engineering firm headquartered in Washington, DC. The terms of the transaction were not disclosed.

U.S.-listed shares of the company were last seen down 4% at $81.85 in pre-market trading.

The company said acquisition will deepen Stantec's ( STN ) expertise and resources in key growth areas such as advanced manufacturing, data centers, and healthcare, and add new capabilities in cleanroom design and fabrication facilities.

"This acquisition will greatly support our strategic market growth in our Buildings business while enabling us to leverage our expanded platform to better serve our North American clients and grow our worldwide market presence," said Stantec ( STN ) Chief Executive Gord Johnston.

Stantec ( STN ) intends to fund the deal through existing funds and credit facilities.