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WSP Global (TSX:WSP) completes acquisition, forming environmental consulting firm
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  • WSP Global (WSP) has acquired engineering and consulting firm b+p, increasing its advisory services expertise and presence in Switzerland
  • Zurich-based b+p offers project, construction and cost management services to both public and private sector clients
  • The company financed the acquisition with available cash and credit facilities
  • WSP Global provides engineering and design services as well as strategic advisory services to clients around the world
  • WSP Global (WSP) is up by 0.52 per cent and is currently trading at C$128.77 per share

WSP Global (WSP) has acquired engineering and consulting firm b+p, increasing its advisory services expertise and presence in Switzerland.

Zurich-based b+p has been offering project, construction and cost management services to both public and private sector clients for over 25 years.

WSP financed the acquisition with available cash and credit facilities.

Alexandre L’Heureux, President and CEO of WSP, commented,

"This acquisition supports WSP’s 2019-2021 Global Strategic Plan’s objectives to expand our service offering into strategic advisory areas, in addition to increasing our footprint in geographies where we can continue to purposefully grow."

Magnus Meyer, WSP's Managing Director of Nordics and Continental Europe, added,

"Having partnered with b+p on numerous bids and successful projects over the years, we are confident that our complementary offering and competencies in the property and buildings and industry sectors will allow our now 150-employee workforce in Switzerland to better serve our clients, while favourably positioning us to access a wider client base across an expanded national footprint."

Peter Zwick and Marco Bertolini, co-owners of b+p, jointly stated,

"Becoming a member of WSP is great news for b+p and our employees. We are proud to join a team whose values, commitment to technical expertise and strong client relationships are aligned to our own. Together we will be able to have a truly powerful offering, providing additional opportunities for both employees and clients, locally and internationally."

WSP Global provides engineering and design services as well as strategic advisory services to clients around the world.

WSP Global (WSP) is up by 0.52 per cent and is currently trading at C$128.77 per share as of 10:59 am ET.

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