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WSP (TSX:WSP) acquires LGT, strengthens its building services offering in Québec

Industrial, Market News
TSX:WSP
03 May 2023 09:00 (EDT)

Source: WSP Global Inc.

WSP Global (WSP) has acquired LGT Inc., a Québec-based building engineering firm.

LGT provides advisory services in the areas of mechanical, electrical, structural, and civil engineering, as well as sustainable development.

WSP intends to position itself as an essential player in the building engineering consulting field in Québec, as well as in the highly strategic data centre industry.

“WSP is pleased to welcome LGT’s solid team. Together, we have an opportunity to ramp up our presence in Québec’s building market. We also intend to pool our expertise in the data centre sector while strengthening our capacities in this growing market across Canada,” stated Alexandre L’Heureux, President and Chief Executive Officer of WSP.

“The acquisition of LGT ties in perfectly with our Canadian strategy and building sector approach. It will also strengthen our service offer, particularly in the education, cultural building, and data centre sectors. We are delighted to bring the benefits of our complementary expertise to our clients in Québec and across Canada,” added Marie-Claude Dumas, President, and CEO of WSP Canada.

WSP Global Inc. is a professional services firm that 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. (WSP) opened trading at C$179.63 per share.

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