The WSP Global Inc. logo is seen in this undated handout.THE CANADIAN PRESS/HO, WSP Global Inc. *MANDATORY CREDIT*
MONTREAL – WSP Global is continuing its years-long expansion, acquiring companies and securing contracts this year with an eye to the growing market for green projects.
The engineering firm says it completed three more acquisitions in Australia, Switzerland and Quebec since late January, adding 900-plus employees to the payroll.
CEO Alexandre L’Heureux says a fourth pending purchase of Australian engineering outfit Calibre will boost its headcount by another 800 and entrench WSP’s prospects as a player in mine rehabilitation.
The Montreal-based company is also part of a consortium selected last month to build the $4.9-billion first phase of Calgary’s Green Line, a light-rail transit system comprising the largest infrastructure project in the city’s history.
L’Heureux says a global transition to renewable energy over the next two decades will foster growing reliance on critical minerals as well as a push toward decarbonization in mining, boosting that sector’s potential for WSP.
WSP has closed at least seven acquisition deals in the past 12 months – including the 35,000-strong British environment and infrastructure business of John Wood Group – and more than 120 since 2006.
This report by The Canadian Press was first published May 11, 2023.
Companies in this story: (TSX:WSP)
