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

  • Financing the US road infrastructure – road user charging?
    February 2, 2012
    In the US, the National Transportation Infrastructure Financing Commission's report to Congress will state that a national, distance-based charging is the only long-term solution to the country's infrastructure financing problems. The Commission's Chair, Rob Atkinson, talks to ITS International
    Read More
  • Financing the US road infrastructure – road user charging?
    February 2, 2012
    In the US, the National Transportation Infrastructure Financing Commission's report to Congress will state that a national, distance-based charging is the only long-term solution to the country's infrastructure financing problems. The Commission's Chair, Rob Atkinson, talks to ITS International
    Read More
  • Xerox signs five-year deal to manage TxDOT toll roads
    September 27, 2013
    Transportation technology provider Xerox has signed a contract worth around US$100 million with the Texas Department of Transportation (TxDOT) to provide customer service and toll operations to the state over the next five years. Xerox will establish a new customer service operation in Austin, Texas to process a growing base of more than eight million monthly toll transactions while managing over 750,000 accounts. Customer service centre operations include transaction processing, license plate image rev
    Read More
  • Cybercrime is not a remote threat for toll operations
    February 8, 2017
    The rise of cybercrime is starting to impact tolling concessions, as Colin Sowman discovers. Yahoo’s revelation that it has taken two years to discover that it had suffered a security breach resulting in hackers stealing the details of 500 million users is shocking - although the hackers only gained access to users’ names, contact details and encrypted passwords.
    Read More

Highlighted Content