Source: WSP Global Inc.
  • WSP Global (WSP) has acquired two UK-based businesses: Capita Real Estate and Infrastructure and GL Hearn
  • Both Capita Real Estate and Infrastructure Ltd. and GL Hearn Ltd. are owned by Capita plc
  • Jointly, both companies will add about 1,000 UK-based employees to WSP’s workforce
  • WSP Global Inc. is a leading professional services firms which provides engineering and design services to clients
  • WSP Global Inc. opened trading at $153.05 per share

WSP Global (WSP) has acquired two UK-based businesses: Capita Real Estate and Infrastructure and GL Hearn, 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.

Jointly, both companies will add about 1,000 UK-based employees to WSP’s workforce.

This will reinforce WSP’s existing service offering within the country and expand 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 workforce in the UK,” stated 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 UK,” he added.

“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,” noted Mark Naysmith, Chief Executive Officer of WSP UK & EMEA.

WSP Global Inc. is a leading professional services firm which provides engineering and design services to clients in the transportation and infrastructure, property and buildings, environment, power and energy, resources, and industry sectors.

WSP Global Inc. opened trading at $153.05 per share.


More From The Market Online

Three stocks with multi-bagger potential

The best investors stick to stocks with the most easily discernible reasons in support of their multi-bagger potential.

Buzz on the Bullboards: The top stocks in energy, mining and EVs

While energy gains propel the TSX, industrials get attention from the EV market and investors navigate another week of mining sector activity.

Amazon stock reaches for record highs after earnings report

Amazon (NDAQ:AMZN) impressed investors with its Q1 2024 performance, as the tech giant beat Wall Street estimates.