WSP Global Inc (TSX: WSP) has acquired SPL Consultants Ltd, a Toronto-headquartered professional services company that specializes in engineering solutions. The financial terms of the deal were not released. WSP said the acquisition enhances its environmental professional services offering. Based in Montréal, WSP is backed by the Canada Pension Plan Investment Board (CPPIB) and the Caisse de dépôt et placement du Québec. CPPIB and the Caisse have supported a number of the company’s recent add-on transactions, including the October 2014 purchase of Parsons Brinckerhoff.
WSP Acquires SPL and Strengthens its Environmental and Geotechnical Capabilities in Canada
MONTREAL, QUEBEC–(Marketwired – April 1, 2015) – WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) today announced that it has acquired SPL Consultants Limited (“SPL”), a multi-disciplinary consulting professional services firm based in Ontario that provides a diverse range of specialized engineering solutions in environment, geotechnical and buildings science across Ontario. This acquisition adds 250 employees to WSP’s workforce and positions the Corporation as one of the leading environmental professional services firm in Canada.
“We are pleased with this acquisition, which, as per our growth strategy, will allow us to increase our environmental presence in Ontario and to expand the array of services we offer our clients, particularly as it relates to geotechnical services,” said David Ackert, President and CEO of WSP in Canada. “Our complementary end-markets should also translate into revenue synergy opportunities, mainly for infrastructure and property-related projects,” he added.
“WSP will be the ideal partner for us during the next stage of our growth. In our view, WSP’s professional expertise and vast network are key assets that will enable us to develop nation-wide,” said David Lewis, President of SPL.
ABOUT SPL CONSULTANTS LIMITED
Founded in 2009, SPL has established a reputation of excellence through its technical expertise and ingenuity in providing clients with innovative solutions. SPL delivers engineering solutions for geotechnical, environmental, hydrogeological, materials testing & inspection, concrete, pavement technology, building science and natural science to support development. The firm provides its services to government and municipal organizations, as well as industries in Canada’s private and public sectors. www.splconsultants.ca
WSP, through its acquisition of Parsons Brinckerhoff, is one of the world’s leading professional services firms in its industry, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines. The firm provides services to transform the built environment and restore the natural environment, and its expertise ranges from environmental remediation to urban planning, from engineering iconic buildings to designing sustainable transport networks, and from developing the energy sources of the future to enabling new ways of extracting essential resources. It has approximately 32,000 employees, including engineers, technicians, scientists, architects, planners, surveyors environmental specialists, as well as other design, program and construction management professionals, based in more than 500 offices, across 39 countries, on 5 continents. www.wspgroup.com
Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include statements with respect to estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP’s forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and WSP does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.
PRESIDENT AND CHIEF EXECUTIVE OFFICER, CANADA
VICE PRESIDENT, INVESTOR RELATIONS
AND CORPORATE COMMUNICATIONS
(514) 340-0046 EXT. 5648
Photo courtesy of SPL Consultants Ltd