Canadian engineering giant Stantec is set to acquire UK consultant Peter Brett Associates.
The Alberta-headquartered engineer has signed a letter of intent to buy Reading-based Peter Brett, with the deal expected to be finalised next month.
The acquisition will see $4.3bn-turnover (£3.38bn) Stantec expand its UK presence with the addition of the consultant, which employs 700 staff across 17 offices in the UK and central Europe.
Stantec currently has 2,200 employees in the UK and is working on a number of projects, including the Maida Vale Flood Alleviation works and the Abberton Reservoir scheme in Essex.
Earlier this year Stantec completed the full integration of the MWH UK and MWH Treatment businesses in the UK, following its $793m (£623m) acquisition of MWH’s global business in March 2016.
The company also bought Shrewsbury-based environmental consultant ESI Consulting in March.
Stantec president and CEO Gord Johnston said its acquisition of Peter Brett was driven by the UK’s pipeline of housing and infrastructure work.
He said: “Regionally, the project landscape is promising with the UK government’s policy to build 300,000 new homes per year, a five-year programme to invest £4.4bn in new and refurbished schools, a robust university upgrading initiative, and a major national investment programme in UK infrastructure.
“These programmes, paired with the existing role Peter Brett is playing in projects like High Speed 2 and Crossrail 2, position us well for continued growth together.”
Peter Brett is involved in several infrastructure, commercial and leisure projects across the UK, including Tideway and Birmingham’s Paradise Circus (pictured).
The Stantec deal is the latest acquisition of a UK consultant by a Canadian company.
Montreal-based firm SNC Lavalin bought Atkins last May in a deal worth £2.1bn, while WSP agreed a £75m deal to buy Mouchel Consulting in in 2016.