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

  • January 26, 2012
    What's next for traffic management and data collection?
    As the technologies and stakeholders in traffic management evolve, what can we expect to see happening in the coming years? For many, the conversation of the moment is just how, and how far, the newer technologies and services provided principally by the private sector should be allowed to intrude into the realms of traffic management.
    Read More
  • June 7, 2017
    WSP USA appoints north-east regional manager
    WSP USA has appointed Kenneth (K.R.) Marshall as a vice president and senior transportation technical manager. Based at WSP’s Baltimore office, Marshall will serve as the northeast regional manager for intelligent transportation systems (ITS) and transportation technology.
    Read More
  • May 5, 2015
    Q-Free acquires parking management solutions company
    Q-free has agreed to acquire Malta-based parking management solutions provider Traffiko for US$1.12 million; the deal also includes an earn-out condition that can generate up to US$1.12 million more. Q-Free and Traffiko have long partnered in parking management systems projects, most recently in the APCOA contract to supply systems for parking garages at the Stockholm globe arena. Traffiko offers a wide range of advanced traffic applications including secure cloud hosted web-based applications for car
    Read More
  • August 1, 2012
    Developments in travel information display systems
    David Crawford looks at recent developments in travel information display systems. It is important to remember that we are investing in Real-Time Passenger Information [RTPI] to increase ridership," says Robert Burke, Managing Director of New Zealand transit tracking technology specialist Connexionz, which has been involved in at-stop and remote passenger information since 1995. "Superior information improves the perception of public transport reliability and gives the passenger more choices and greater con
    Read More

Highlighted Content