Stantec signs agreement to sell Innovyze to EQT Mid Market US for $270 million

Stantec signed an agreement to sell its software business Innovyze, a provider of wet infrastructure modeling and simulation software, to EQT Mid Market US fund for USD 270 million. The sale is expected to close in Q2 2017.

“Stantec today announced it has signed an agreement for the sale of its software business, Innovyze, for USD$270 million to the EQT Mid Market US fund.”globenewswire.com

• 1 source
• globenewswire.comStantec Signs Agreement to Sell InnovyzeStantec Inc.Mar 21, 2017

Summarized from public sources; check the original articles before acting on it.