- CEO
- Nathanial Thomson
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- 515 St Paul’s Terrace Sydney QLD Australia 4006
- IPO Date
- Dec 31, 2010
- Business
- Cardno Limited Cardno Limited (ASX:CDD; OTC:COLDF) operates as a professional environmental services company focused on the development and improvement of social infrastructure for communities, primarily in Latin America including Ecuador and Peru; its core services encompass engineering consulting, materials testing, geotechnical engineering, and environmental management. The company provides expertise in civil, structural, water, environmental, coastal, bridge, geotechnical, subsurface utility, traffic and transport engineering; environmental science; surveying; landscape architecture; planning; and asset management, targeting government and private sector clients in sectors such as water, transportation, energy, resources, land development, and buildings. Founded in 1945 and headquartered in Brisbane, Australia, Cardno Limited maintains operations across Asia Pacific, Americas, and international development segments, with a historical presence in over 85 countries through more than 250 offices prior to recent divestitures.
In recent years, Cardno Limited has undergone significant strategic changes, including the 2021 sale of its North America and Asia Pacific engineering and consulting groups to Stantec for US$500 million and the 2022 divestiture of its International Development business to DT Global; these transactions enabled a focus on Latin American operations while generating substantial cash returns to shareholders. During fiscal year 2024, the company collected $7.9 million in principal and $3.2 million in interest from the DT Global sale, alongside $6.4 million net from legal resolutions related to its South American Ingenieria Sustentable (INSUS) joint venture, and distributed $90.6 million in capital returns over the prior 24 months. As of late 2024, Cardno Limited is winding down its remaining South American operations, planning an ASX delisting to minimize costs, and intends to realize residual value with further distributions of $2.5 million to $5 million by mid-2025, aiming for an efficient voluntary liquidation.