WSP finalizes the purchase of environmental services for $1.8 billion

Diving Brief:

  • Engineering and design giant WSP Global has completed its acquisition environment and infrastructure businesses of John Wood Group through a $1.8 billion (C$2.40 billion) sale and purchase agreement, the company announced on Wednesday. infrastructure based in Montreal. This is part of a shopping list in this niche.
  • The company provides engineering, remediation consulting, environmental permitting, inspection, monitoring and environmental management services to a variety of clients, WSP said in the release, and will expand its geographic reach as well as its expertise in these areas.
  • WSP CEO Alexandre L’Heureux said the purchase was part of the company’s strategic focus on building infrastructure and the environment. WSP is expanding its climate-related work as part of its 2022-2024 strategic plan, and the company is in the process of acquisition to meet the strong demand for environmental services.

Overview of the dive:

WSP had previously announced its intention to acquire the company in an earnings call in August. The company is based in around 100 offices in 10 countries, primarily in the United States, Canada and the United Kingdom, with a secondary presence in Latin America and Europe, according to the release.

The business unit’s 6,000 employees will transition to WSP, which will help the company capture more opportunities in the fast-growing environmental and water sectors, L’Heureux said in the release.

The news follows the purchase of RPS Group, a UK-based environmental consultancy, earlier this summer.

An Australian hazardous materials and risk management company is also part of WSP’s acquisition plans. Greencap fundsarchitecture and engineering firm based in Spain BOD Architecture and Engineering as good as two Capita companies based in the UK focused on real estate, infrastructure and the environment.

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