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Colliers' Englobe acquires Obsidian to boost engineering in Canada's energy sector

Company Fundamentals
29 Oct 2026, 23:01 WIB
GlobeNewsWire
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Bullish
Colliers' Englobe acquires Obsidian to boost engineering in Canada's energy sector

Colliers International's Canadian engineering arm, Englobe Corporation, is acquiring Obsidian Engineering Corp., a Calgary-based firm specializing in engineering, procurement, and construction management for private-sector energy projects. This acquisition expands Englobe's presence and capabilities in Western Canada's critical energy infrastructure market, including oil, gas, and renewable energy sectors. Obsidian's senior team will become significant shareholders and leaders within Englobe, with the deal expected to close in Q4 2026. This move aligns with Colliers' strategy to strengthen its position in Canada's growing energy industry and leverage Obsidian's expertise to support complex energy infrastructure projects globally.

Colliers' expansion in energy engineering provides context for Pluang's energy sector snapshot as of Oct 30, 2026 02:01 WIB: Among 79 priced energy stocks, 34 advanced while 45 declined. Venture Global Inc. (VG) rose 3.14% with 99% sell order activity, contrasting with EQT Corporation (EQT) which fell 3.07% but saw 100% buy order activity, and Range Resources Corporation (RRC) dropped 3.15% with a typical hold time of 2 days.

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