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

  • WSP/Parsons Brinckerhoff to collaborate with Go Travel Solutions on major sustainable travel project
    June 24, 2016
    WSP/Parsons Brinckerhoff has commissioned specialist sustainable transport consultancy, Go Travel Solutions, to support their delivery of a new Go Smarter Business Network in areas of North East England. The Go Smarter Business Network has been developed to meet the transport needs of businesses across the North East Combined Authority (NECA) area and help encourage employees to adopt a greener commute to work. The Network will be focused around four facilitated meetings per year where members can h
    Read More
  • Q-Free touts integration of acquired solutions at ITS America
    January 13, 2016
    Q-Free subsidiary Intelight announced today it has named Michael Wieck as its new CEO. Wieck most recently served as CTO of SWARCO Traffic Americas and brings a diverse ITS background that has spanned 20 years.
    Read More
  • Q-Free touts integration of acquired solutions at ITS America
    January 13, 2016
    Q-Free subsidiary Intelight announced today it has named Michael Wieck as its new CEO. Wieck most recently served as CTO of SWARCO Traffic Americas and brings a diverse ITS background that has spanned 20 years.
    Read More
  • Slow development of Europe's road user charging
    April 24, 2013
    Delegates convened in Brussels for Europe’s 10th annual Road User Charging Conference in March, when both positive and negative developments came to light for advocates of more widespread introduction of RUC. Jon Masters reports. Goings on across Europe in recent months have again demonstrated how very sensitive road user charging (RUC) is politically. At the 10th annual Road User Charging Conference in Brussels at the beginning of March, a Danish delegation was notable for its absence, but Belgian governme
    Read More

Highlighted Content