Edmonton-based Stantec (TSE-STN) has completed its acquisition of GKO Engineer-ing and its staff of 200.
The deal, initially announced in February, includes GKO subsidiary PharmaChem Tech-nologies, which specializes in consulting to the pharmaceutical and specialty processing industries.
“The expertise in power, resources, chemicals and pharmaceuticals GKO brings enables Stantec to better serve existing clients and enter new markets by making these services available throughout the entire company,” said Stantec president and CEO Tony Franceschini.
Meanwhile, the company also announced that the joint venture team of Colt-Stantec has been awarded the engineering contract to prepare the Design Basis Memorandum - Extraction for the multi-billion dollar Canadian Natural Resources Limited (CNRL) Horizon Oil Sands Project. Valued at over $6 million and scheduled for completion in late 2002, the Colt-Stantec contract will support the application as well as develop the project definition.
CNRL is a Calgary-based senior independent oil and natural gas exploration, development and production company. Its Horizon Oil Sands project is located about 80 kilometres north of Fort McMurray. At full operating capacity by 2010, the project will employ about 2,500 people and produce more than 300,000 barrels of bitumen per day.
