Cardno announces intent to merge with Caminosca - expands Latin American presence with significant engineering capabilities

   Cardno announces intent to merge with Caminosca - expands Latin American
              presence with significant engineering capabilities

PR Newswire

QUITO, Ecuador, Dec. 19, 2012

QUITO, Ecuador, Dec. 19, 2012 /PRNewswire/ --Caminosca S.A., a 400-person
engineering consulting firm headquartered in Quito, Ecuador has signed an
agreement to merge with Cardno, a professional infrastructure and
environmental services company with expertise in the development and
improvement of physical and social infrastructure for communities around the
world.

(Logo: http://photos.prnewswire.com/prnh/20110907/MM64542LOGO)

Once the agreement is finalized, Caminosca will become an integral part of
Cardno's Latin American operations and further develop Cardno's capabilities
in the engineering arena.

Eduardo Jacome, President of Caminosca remarked, "We are very pleased to join
Cardno. Cardno is a client-focused, industry-leading firm that aligned well
with our existing philosophies of serving clients with excellent quality
standards. Both of our firms understand the unique needs associated with
serving the Latin American market and combine a balance of high-end expertise
with local community engagement to deliver the right solutions."

Caminosca's professionals specialize in hydropower, mining, environment,
roads, water supply and sewerage, urban development, airports and stormwater.
They are involved in major projects ranging from the 600 MW- Cardenillo
hydropower project to the Drinking Water System Master Plan for the 320,000
residents of Manta. Combining this expertise with Cardno's current 152-Quito
based professionals creates a strong platform to deliver value to local and
international clients.

"The economic growth in Latin America is opening tremendous opportunities for
companies like Cardno because of our understanding of the need for physical
and social infrastructure solutions and our expertise in engineering and
environmental services to support responsible development," stated Edgar
Uribe, Cardno ENTRIX's Director of Latin American Operations. "Cardno is
well-suited to provide a broad range of social and physical professional
services and with Caminosca, we will be able to better serve those needs
through a stronger local presence."

President of Cardno's Americas region, Paul Gardiner, commented, "Cardno has
substantially grown in the Americas over the last few years, however most of
that expansion has been in North America. Further expanding our capabilities
to Latin America enables us to proactively meet the needs of our international
petroleum and mining clients, while also helping local communities implement
critical infrastructure in a manner that is socially responsible."

The transaction is expected to close the first quarter of 2013. Following
Cardno's normal strategy upon completion of the transaction, Caminosca's key
management will become Cardno shareholders and remain active in the company.

For further information:

About Caminosca: Caminosca is an Ecuadorian consultant company founded in 1976
that provides engineering design, technical assistance, construction
administration and management services for hydropower, hydrocarbons, mining,
transportation, urban development, water supply, irrigation and flood control
projects. Caminosca engineering services, both in Ecuador and abroad, are
managed with standards of excellence aimed at client's satisfaction. To learn
more visit www.caminosca.com.

About Cardno: Cardno is a professional infrastructure and environmental
services company, with expertise in the development and improvement of
physical and social infrastructure for communities around the world. Cardno's
team includes leading professionals who plan, design, manage and deliver
sustainable projects and community programs. Ranked at #33 on Engineering News
Record's 2012 Top 200 International Design Firms List, Cardno provides clients
with access to more than 7,900 professionals in over 270 locations focusing on
delivering tailored solutions to address social, physical and economic
business needs.

Founded in 1945 in Brisbane, Australia, Cardno is an international company
listed on the Australian Securities Exchange [ASX: CDD]. To learn more, visit
www.cardno.com.

Eduardo Jacome     Mr. Paul Gardiner

President          President

Caminosca S.A.     Cardno USA

Ph: 593-2-223-6759 Ph: 503.734.1801

SOURCE Cardno

Website: http://www.cardno.com
Website: http://www.caminosca.com
 
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