Aecon and Stantec: 2 Expansion strategies, one Worldwide leader

Call it a tale of two technology companies, Aecon Group Inc. and Stantec Inc..

Both began in similar situation: Aecon’s founder installed pipes and gas lines in Hamilton from the 1870s, while Stantec’s initial projects were constructing sewers in rural Alberta in the 1950s.

But among those companies is now a takeover target: Toronto-based Aecon acknowledged Friday that the company is up for sale. By comparison, Edmonton-based Stantec is an international leader in its field, on the brief list of possible buyers whenever a rival company is up for grabs.

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