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Stantec Inc. Signs Letter Of Intent To Acquire Cimarron Engineering Ltd.
Stantec Inc. announced that it has signed a letter of intent to acquire Calgary-based Cimarron Engineering Ltd., a 290-person engineering consulting Company specializing in the development, design, installation, and integrity maintenance of oil and gas pipeline systems and station facilities. Cimarron's current projects include TransCanada's Keystone Pipeline between Canada and the United States, and Enbridge's Woodland Pipeline in northern Alberta. Terms of the transaction were not disclosed.
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