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WSP (TSX:WSP) completes acquisition of Capita REI and GL Hearn businesses from Capita Plc

Industrial
TSX:WSP
23 September 2022 08:45 (EDT)

Source: WSP Global Inc.

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.


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