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WSP completes acquisition of Capita REI and GL Hearn businesses from Capita Plc, The Canadian Business Journal

MONTREAL, Sept. 23, 2022 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Company”) announces the completion of its two previously announced acquisitions of Capita, a UK-based company. We are happy to announce the completion. Real Estate and Infrastructure Ltd. (“Capita REI”) and GL Hearn Ltd. (“GLH”) are both owned by his Capita plc.

Capita REI is a leading provider of professional advisory, design, engineering, environmental and project management services for land, building and infrastructure owners, and GLH provides cross-sectoral advice to developers and investors. It offers. Together, the businesses will add approximately 1,000 UK-based employees to his WSP workforce, strengthen existing service offerings in the country and expand strategic advisory offerings.

“We would like to welcome 1,000 new professionals from Capita REI and GL Hearn, who will add impact through their proven track record and strengthen our workforce in the UK.” WSP. “Through the acquisition of Capita REI, GL Hearn and the recently announced Wood’s Environment & Infrastructure, WSP will increase scale, strengthen our value proposition and accelerate our growth potential in the UK.”

“We are delighted to welcome our new colleagues at Capita REI and GL Hearn, whose matching capabilities and culture will boost WSP’s expertise in our core markets. It is a perfect match and supports the diversification of our strategic advisory offerings into adjacent markets,” said Mark Naysmith, Chief Executive Officer, WSP UK & EMEA.

About WSP
As one of the world’s leading professional services companies, WSP exists to future-proof our cities and environment. We provide strategic advisory, engineering and design services to clients in the transportation, infrastructure, environment, architecture, power, energy, water, mining and resources sectors. Our 63,000 trusted professionals are united by a common purpose to make a positive, long-term impact on the communities we serve through a culture of innovation, integrity and inclusivity. Sustainability and science permeate our work. WSP will derive nearly half of its $10.3 billion (CAD) revenue in 2021 from clean sources. The company’s shares are listed on the Toronto Stock Exchange (TSX: WSP). For more information, please visit www.wsp.com.

Forward-Looking Statements
This press release contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities laws. As used in this press release, “may”, “will”, “should”, “expect”, “plan”, “predict”, “believe”, “estimate” , “anticipate”, “anticipate”, “project”, “intend”, “goal”, “potential”, “continue”, or negatives of these terms, or the acquired company, company is intended to identify terms and forward-looking statements of a similar nature that relate to our affiliates or combined companies. The forward-looking statements in this press release include statements regarding the acquisition, the new term credit facility, expected benefits from the acquisition, and the Company’s future growth, operating results, business performance, prospects and opportunities, and expected synergies. , and certain expected financial ratios. Although we believe that the expectations and assumptions on which such forward-looking statements are based are reasonable, no assurance can be given that the forward-looking statements will prove correct and You should not place undue reliance on forward-looking statements. These statements are subject to certain risks and uncertainties and actual results may differ materially from those anticipated or implied by forward-looking statements, including risks and uncertainties related to: may be based on certain assumptions. acquisition gains, integration of E&I businesses, loss of certain key E&I personnel, inability to achieve anticipated synergies, increased liabilities, transition risk, potential undisclosed costs or liabilities related to acquisitions; , reliance on information provided by E&I, change of control and other similar provisions and fees, the nature of the acquisition, that the combined company will continue to face the same risks that the company faces today. Facts, Potential Litigation, and Other Factors Explained or Referenced in “Risk Factors” Section of WSP Management Discussion and Analysis for the Year e December 31, 2021 and July 2022 WSP’s management discussion and analysis (collectively, “MD&A”) for the six months ended today are available from SEDAR’s WSP profile at www.sedar.com. The preceding list is not exhaustive and other unknown or unpredictable factors may also materially and adversely affect the performance or results of WSP or E&I. WSP’s forward-looking statements are qualified in its entirety by this cautionary statement. See MD&A for additional information in this cautionary statement regarding forward-looking statements and related assumptions and descriptions of risk factors that may affect WSP’s actual or forecast results. com. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required under applicable securities laws, WSP may not make any statements, whether written or oral, to does not undertake to update or revise these forward-looking statements. By itself or instead, from time to time, as a result of new information, future events, or otherwise. Any forward-looking statements contained in this press release are expressly qualified by these cautionary statements.

Please contact us for more information.

Alain Michaud
CFO
WSP Global Co., Ltd.
[email protected]
Phone: 438-843-7317


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WSP completes acquisition of Capita REI and GL Hearn businesses from Capita Plc, The Canadian Business Journal

Source link WSP completes acquisition of Capita REI and GL Hearn businesses from Capita Plc, The Canadian Business Journal

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