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.

Urban Traffic Control

For more information on companies in this article

Related Content

  • Trump unveils U.S. infrastructure investment
    February 13, 2018
    U.S. president Donald Trump has announced that he wants Congress to approve $200bn (£144bn) bill, which he said will stimulate another $1.3tn (£9bn) in improvements as part of his plan to fix the country’s infrastructure. One intention of the proposal is to eliminate regulatory barriers and offer more flexibility to transportation projects that are currently required to seek Federal review and approval. $100bn (£72bn) of the proposed bill will create an Incentives Program to spur additional dedicated fund
    Read More
  • MaaS will be adopted quicker in Europe than in the US: here’s why
    December 5, 2018
    A new report suggests that MaaS will be implemented more quickly in Europe than in the US – but why should this be? Ben Spencer examines the arguments
    Read More
  • AV/ridesharing mix wins major auto investment
    May 5, 2016
    The US has a new trend in personal mobility and David Crawford takes a closer look. US automaker General Motors and ridesharer Lyft’s announcement of a strategic partnership aimed at delivering, over time, an integrated network of on-demand autonomous as well as conventional vehicles has taken the nation’s car industry from traditional manufacturing to new arenas.
    Read More
  • Future of US cooperative infrastructure networks
    July 31, 2012
    Peter H. Appel, the new Administrator of the USDOT's Research and Innovative Technology Administration, on his vision of the US's future cooperative infrastructure networks. Peter H. Appel comes to the post of Administrator of the US Department of Transportation's Research and Innovative Technology Administration (RITA) from a background in transportation-related work which stretches back over 20 years. Most recently with management consultancy A. T. Kearney, Inc., where he focused on busin
    Read More

Highlighted Content