Mr. Alain Michaud reports
WSP COMPLETES ACQUISITION OF CAPITA REI AND GL HEARN BUSINESSES FROM CAPITA PLC
WSP Global Inc. has completed its previously announced acquisition of two United Kingdom based businesses: Capita Real Estate and Infrastructure Ltd. (Capita REI) and GL Hearn Ltd. (GLH), both owned by Capita PLC.
Capita REI is a leading provider of specialist advisory, design, engineering, environmental and project management services for land, building and infrastructure owners, while GLH provides cross-sector advice to developers and investors. Together, both businesses will add about 1,000 United Kingdom based employees to WSP's work force, reinforcing its existing service offering within the country and expanding its strategic advisory offering.
"I would like to extend a warm welcome to our 1,000 new experts from Capita REI and GL Hearn, who will add influence through their solid track record and bolster our work force in the U.K.," said Alexandre L'Heureux, president and chief executive officer of WSP. "Through the acquisitions of Capita REI, GL Hearn, and the recently announced Wood's Environment & Infrastructure closing, WSP will enhance its scale, strengthen its value proposition and accelerate its growth potential in the U.K."
"We are delighted to welcome our new colleagues from Capita REI and GL Hearn as the matching capabilities and cultures will boost WSP's expertise in our core markets. This acquisition aligns perfectly with our strategic ambitions in these markets and will support the diversification of our strategic advisory offering into adjacent markets," said Mark Naysmith, chief executive officer of WSP United Kingdom and EMEA (Europe, the Middle East and Africa).
About WSP Global Inc.
As one of the world's leading professional services firms, WSP exists to future-proof cities and the environment. The company provides strategic advisory, engineering and design services to clients in the transportation, infrastructure, environment, building, power, energy, water, mining and resource sectors. WSP's 63,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities the company serves through a culture of innovation, integrity and inclusion. Sustainability and science permeate the company's work. WSP derived about half of its $10.3-billion 2021 revenues from clean sources. The corporation's shares are listed on the Toronto Stock Exchange (TSX: WSP).
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