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Stantec Inc
Symbol STN
Shares Issued 114,066,995
Close 2026-01-15 C$ 137.94
Market Cap C$ 15,734,401,290
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Stantec named preferred bidder for Scottish Water work

2026-01-15 18:19 ET - News Release

Mr. Calum Metcalfe reports

SCOTTISH WATER NAMES STANTEC PREFERRED BIDDER TO DELIVER MULTIBILLION-POUND TRANSFORMATION OF WATER AND WASTEWATER INFRASTRUCTURE

Stantec Inc. has been named as a preferred bidder to be a primary designer for the multibillion-pound Scottish Water Enterprise, which is set to transform Scotland's water and wastewater networks. The enterprise is the largest program of investment in Scottish Water's history. The initiative will enhance the country's public assets to improve drinking water quality, increase water resilience and protect the environment.

New wave of water delivery in Scotland

The Scottish Water Enterprise will oversee asset investments and manage high-value, complex construction and engineering projects across the country.

Once appointed, Stantec will provide design and technical services throughout the construction process, supporting the successful delivery of water and wastewater infrastructure and non-infrastructure programs. With a project timeline potentially extending to 2039, Stantec will design new assets, upgrades and a range of extensions and enhancements across the country. These improvement efforts include sewer networks, treatment facilities, blue-green infrastructure, water mains, combined sewer overflows and other vital assets.

"We have worked closely with Scottish Water for more than 30 years, and we are proud to have the chance to continue serving the Scottish people and the country's natural environment through this transformational enterprise," said Gord Johnston, president and chief executive officer of Stantec. "Our deep experience delivering innovative solutions and our long-standing relationship working with Scottish Water will support unprecedented water resilience across the nation."

Improving operational resilience

Stantec has delivered numerous nature-based, low-carbon projects across the United Kingdom and around the world. The firm will apply this expertise and proven best practices to support more resilient, efficient and environmentally friendly water and wastewater networks in Scotland.

"We are proud to support the water sector during one of the most important and influential times in its history," said Cath Schefer, Stantec's chief operating officer for the global region. "Being named as a preferred bidder is undoubtedly due to our extensive experience, talented work force and the impactful culture we have created at Stantec. I'm excited to see our growing teams continue making a meaningful impact on both the communities we serve and the environment around us. Together, we'll create a lasting and positive legacy for generations to come."

The procurement process is expected to be fully completed by March, 2026.

About Stantec Inc.

Stantec empowers clients, people and communities to rise to the world's greatest challenges at a time when the world faces more unprecedented concerns than ever before.

The company is a global leader in sustainable engineering, architecture and environmental consulting. The company's professionals deliver the expertise, technology and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more.

Today's communities transcend geographic borders. At Stantec, community means everyone with an interest in the work that the company does -- from its project teams and industry colleagues to its clients and the people its work impacts. The diverse perspectives of the company's partners and interested parties drive it to think beyond what has previously been done on critical issues like climate change, digital transformation, and future-proofing our cities and infrastructure.

We seek Safe Harbor.

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