- WSP Global Inc. (WSP) has completed its $2.4 billion acquisition of the Environment & Infrastructure business (E&I) of John Wood Group PLC
- The aggregate cash consideration owed is still subject to adjustments
- It was funded along with other related transaction costs using a term credit facility with various tenors for up to five years
- E&I provides services for industries such as mining and industrial, while WSP works to “future-proof” said sectors
- WSP Global Inc. (WSP) is up 0.40 per cent and is trading at $158.90 per share as of 11:40 a.m. ET
WSP Global (WSP) has completed its $2.4 billion acquisition of the Environment & Infrastructure business (E&I) of John Wood Group PLC.
The aggregate cash consideration owed is still subject to adjustments and was funded alongside other related costs using a term credit facility with various tenors for up to five years.
Alexandre L’Heureux, WSP’s President and CEO, commented,
“Joining forces [with E&O] will allow us to offer our clients expanded world-class multidisciplinary services while bringing new solutions and enhanced value… also enable us to further seize opportunities in the fast-growing environmental and water sectors.”
E&I provides engineering, remediation consulting, environmental permitting, inspection, monitoring, and environmental management services to government, industrial, infrastructure, oil and gas, power, water, and mining clients. WSP works to “future-proof” cities and the environment by providing advisory, engineering, and design services to clients in the transportation, infrastructure, environment, building, power, energy, water, mining and resource sectors.
Joe Sczurko, Executive President of E&I Consulting, added,
“We are excited to join a world-leading consulting firm, where our combined expertise will add value for our clients through strengthened service capability, global reach, and deep portfolio of technical experts… We are now an industry leader at a time when environmental and infrastructure needs are a global priority.”
WSP Global Inc. (WSP) is up 0.40 per cent and is trading at $158.90 per share as of 11:40 a.m. ET.