WSP to acquire Louis Berger in $400m deal

WSP is set to acquire US international professional services firm Louis Berger in a deal valued $400m. The transaction will add 5,000 employees to WSP and increase its reach in the US, Europe, the Middle East and Latin America. Through the agreement, WSP intends to continue Louis Berger’s restructuring of its international operations and expects to incur $50m in one-time integration and restructuring costs in the coming years. Alexandre L’Heureux, president and chief executive officer of WSP, says the
August 2, 2018 Read time: 2 mins

6666 WSP is set to acquire US international professional services firm 4736 Louis Berger in a deal valued $400m. The transaction will add 5,000 employees to WSP and increase its reach in the US, Europe, the Middle East and Latin America.

Through the agreement, WSP intends to continue Louis Berger’s restructuring of its international operations and expects to incur $50m in one-time integration and restructuring costs in the coming years.

Alexandre L’Heureux, president and chief executive officer of WSP, says the transaction will increase the company’s exposure to the US Federal sector through Louis Berger’s experience in governmental contracts.

The acquisition is expected to close in the fourth quarter of 2018 and is subject to customary closing conditions which include regulatory approvals and the completion of administrative actions.

The purchase will be financed by an underwritten term loan from Canadian Imperial Bank of Commerce.

UTC

Related Content

  • October 3, 2014
    Fleet management systems ‘will reach 12 million units in the Americas by 2018’
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was four million in Q4-2013. Growing at a compound annual growth rate (CAGR) of 15.3 per cent, this number is expected to reach 8.1 million by 2018. In Latin America, the number of active fleet management systems is expected to increase from 1.9 million in Q4-2013, growing at a CAGR of 16.1 per cent to reach 3.9 million in 2018. The top t
    Read More
  • June 11, 2015
    Aecon consortium selected for Eglinton Crosstown light rail transit project
    Crosslinx Transit Solutions, consisting of Aecon, ACS Infrastructure Canada, EllisDon, and SNC-Lavalin, has been selected by Metrolinx and Infrastructure Ontario as the preferred supplier for the development of the Eglinton Crosstown light rail transit project in Toronto.
    Read More
  • August 23, 2018
    Here beats Google as world’s leading location platform, says Ovum
    Here Technologies has toppled Google as the world’s leading location platform, according to a new report. The Dutch mapping company’s price plan appears more developer-friendly and competitive than the Google Maps model, says analyst Ovum. Location Platform Index: Mapping and Navigation ranked 14 major location platform vendors according to their mapping and technology as well as the size of their reach across the developer communities and industries. Here’s Freemium model is intended to lower price
    Read More
  • May 24, 2012
    Connected car solutions to exceed 350 million by 2017
    OEM and aftermarket connected car systems in use are expected to grow from 66 million in 2012 to 356 million in 2017, according to a new report from ABI Research. While OEM solutions are gaining momentum rapidly across the globe in the US, Europe, Japan, and China, aftermarket solutions will continue to be used for applications such as stolen vehicle tracking, insurance telematics, infotainment, and road user charging.
    Read More

Highlighted Content