Quebec-based independent engineering consulting firm Norda Stelo Inc. announced the acquisition of Vancouver-based engineering firm CWA Engineers Inc. (CWA).
According to a press release, the acquisition is more than a joining of forces; it’s a blending of strengths. The accomplished leadership team from CWA, known for their project proficiency, will seamlessly integrate into Norda Stelo, enhancing the collective capabilities of both firms. Rooted in a commitment to innovation and sustainability, this alliance is set to redefine engineering excellence globally.
Norda Stelo’s established legacy in automation, port and rail infrastructure design, and liquid/gas material handling aligns seamlessly with CWA’s deep knowledge in bulk material handling. This strategic alignment, supported by a robust ESG framework, positions the firm as a formidable force in engineering, dedicated to serving sectors with unprecedented growth potential in key global markets.
“Drawing from our complementary services, we are poised to become the global leader in smart “site-to-port” operations, tending to the ports and terminals sector, as well as in the mining, rail, construction aggregates, and wood product industries,” said Alex Brisson, President and Chief Executive Officer of Norda Stelo. “With CWA, we have an opportunity to enhance our service offering to long-term client partnerships from both companies and to expand our reach with significant projects nationally and in foreign markets, focusing on the USA and beyond.”
“Our new combined entity is as complementary as it is revolutionary for our companies,” said CWA chief executive officer, Raymond Chu. “We are facilitating meaningful transformation together. We’re able to realize our vision of expanding into new, foreign markets and ensure a lasting legacy for both the company and its people through exciting career opportunities. We’re also cementing our growth strategy and vision to consolidate our value proposition and not only expand our reach from coast-to-coast but enhance the company’s offering in the mining and ports sectors globally.”
Operating under the Norda Stelo brand after the six-month transition period concludes, the acquisition will incorporate over 100 engineers, technologists, designers, and support staff into the company’s existing 750 employees. Leadership and locations will remain consistent, with Chu, assuming the role of vice president, Western Canada and USA, and operating from the former CWA offices in Vancouver, B.C.
CDPQ is also participating in the transaction to merge Norda Stelo and CWA with a loan of $12 million.
“CDPQ is proud to support the expansion of this Québec company and support its entry in the Western Canadian engineering market,” said Kim Thomassin, executive vice president and Head of Québec at CDPQ. “This initial investment by CDPQ in Norda Stelo will help drive the company’s activities to its next stage of growth. In addition to more broadly promoting its industrial engineering expertise, this transaction will also open international doors for the company with new contracts in various regions.”
Featured image: Norda Stelo and CWA’s teams (CNW Group/Norda Stelo)