WSP completes environmental companies buy for $1.8B

Dive Temporary:

  • Engineering and design big WSP International has accomplished its acquisition of the atmosphere and infrastructure enterprise of John Wooden Group via a sale and buy settlement for $1.8 billion ($2.40 billion Canadian), the Montreal-based infrastructure agency introduced Wednesday. It’s a part of a slate of purchases in that area of interest.
  • The enterprise offers engineering, remediation consulting, environmental allowing, inspection, monitoring, and environmental administration companies to a wide range of shoppers, WSP stated within the launch, and can broaden its geographic vary in addition to experience in these areas.
  • WSP CEO Alexandre L’Heureux stated the acquisition is a part of the corporate’s strategic concentrate on environmental and infrastructure builds. WSP is rising its climate-related work as a part of its 2022-2024 strategic plan, and the corporate is on an acquisition spree to satisfy sturdy demand for environmental companies.

Dive Perception:

WSP had beforehand introduced its intent to accumulate the enterprise in an August earnings name. The enterprise is predicated in about 100 workplaces in 10 nations, primarily within the U.S., Canada and the U.Ok., with a secondary presence in Latin America and Europe, in line with the discharge.

The enterprise unit’s 6,000 workers will transfer underneath WSP, which can assist the agency additional seize alternatives within the fast-growing environmental and water sectors, L’Heureux stated within the launch.

The information follows the buy of RPS Group, a U.Ok.-based environmental consulting agency, earlier this summer season.

Additionally a part of WSP’s acquisition plans are Australian hazardous supplies and danger administration agency Greencap Holdings, Spain-based structure and engineering agency BOD Arquitectura e Ingeniería in addition to two U.Ok.-based Capita companies targeted on actual property, infrastructure and atmosphere.

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