# 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.

- Type: Acquisition
- Announced: 2017-03-21
- Where: United States
- Value: $270.0M
- Status: announced
- Products: wet infrastructure business analytics software
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Stantec Inc.](https://endata.com/companies/22986.md) (partner)
- [Innovyze](https://endata.com/companies/22987.md) (target)
- [EQT Mid Market US](https://endata.com/companies/22988.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/03/21/1187132/0/en/Stantec-Signs-Agreement-to-Sell-Innovyze.html), 2017-03-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.