Cardno Proposed Demerger
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On Wednesday 21st August, Cardno Limited (ASX: CDD) (“Cardno”) announced its intention to demerge its quality, testing and measurement business from its consulting business - subject to shareholder and other approvals.
The demerger will result in two independent ASX listed entities:
- Cardno Limited (“Cardno Consulting”): which will continue to operate Cardno’s existing environmental, infrastructure and development consulting business (“Consulting Business”) and trade as Cardno Limited; and
- Intega Group Limited (“Intega”): a Quality, Testing and Measurement (QTM) business providing construction materials testing (CMT), subsurface utility engineering services (UES) and quality assurance for energy companies(QA) (“QTM Business”).