- Stantec Inc. (NYSE:STN) deepens its energy transition expertise in the Netherlands with the acquisition of Driven by Values. The financial terms were not disclosed.
- Driven by Values is a 28-person engineering and consulting firm and has offices in Eindhoven and Sittard.
- “In addition to expanding our presence in the Netherlands, Driven by Values enhances our ability to support commercial and government clients through policy development and the application of innovative tools designed for the full energy transition cycle,” said Pieter van der Zwet, Stantec’s Regional Leader for Continental Europe.
- Stantec held cash and deposits of C$209.2 million as of June 30, 2021.
- Price Action: STN shares closed lower by 0.76% at $54.62 on Wednesday.
Leveraging Technology to Dive Deeper into Market Behaviors
While relying on fundamental and technical analysis to make investment decisions can be an effective strategy, it’s important to understand that price action is often attributed to randomness and cannot be explained with logic. For example, you can have a company with a great fundamental story and eye-catching technicals that sells off purely due to negative sentiment.
