22:12:16 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



WSP Global Inc
Symbol WSP
Shares Issued 124,624,221
Close 2023-08-08 C$ 178.44
Market Cap C$ 22,237,945,995
Recent Sedar Documents

WSP Global sells Louis Berger Services to Versar

2023-08-08 03:20 ET - News Release

Mr. Alexandre L'Heureux reports

WSP SELLS LOUIS BERGER SERVICES

WSP Global Inc. has sold Louis Berger Services Inc. to Versar Inc., a global engineering, environmental and security service company. LBS specializes in operations and maintenance services for complex infrastructure assets at mission-essential defence and civilian facilities worldwide, and currently employs approximately 1,400 people.

"Acquired by WSP as part of the Louis Berger transaction in 2018, LBS has an impressive team and track record. We are pleased to have reached this agreement with Versar and are confident this transaction will ensure the long-term success of the LBS business," said Alexandre L'Heureux, WSP Global's president and chief executive officer. "I would like to thank all LBS employees for their commitment, professionalism and contributions to WSP, and I wish them continued success with Versar."

"Versar is thrilled to welcome every LBS employee to the Versar team," said Jim Jaska, Versar's chief executive officer. "Our complementary service offerings will allow us to leverage each other's customers and capabilities to grow our business to compete globally while maintaining our exceptional dedication to one-on-one customer service."

About WSP Global Inc.

As one of the largest professional service firms in the world, WSP Global exists to future-proof cities and the environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. Its 68,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity and inclusion. In 2022, WSP Global reported $11.9-billion in revenue. The corporation's shares are listed on the Toronto Stock Exchange (WSP).

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