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

  • Technology and creative sectors the key to London’s future – CBI/CBRE
    September 22, 2017
    As the UK’s future relationship with the European Union hangs over the capital’s businesses, According to the latest CBI/CBRE London Business Survey, firms view the technology and creative sectors as fundamental to London’s future prosperity. Two thirds of the 271 respondents to the London Business Survey (65 per cent) said that the technology and creative sectors were the principal sectors for the capital’s economic growth over the next five years, followed by professional services (49 per cent) and f
    Read More
  • Fifty-year, $230m toll deal for Kapsch on Louisiana bridge
    August 20, 2024
    Firm will also act as systems integrator for I-10 Calcasieu River Bridge project in US state
    Read More
  • The role of GIS in climate change resiliency
    May 29, 2014
    Climate change will pose global and local challenges and that includes risks to the transportation infrastructure. Climate change adaptation and resiliency has captured the attention of the transportation community for some time now. Because transportation infrastructure is often designed to last for 30, 50, or 100 years or even longer, transportation professionals are concerned not only about the impact on our existing investments, but also how to design more durable transportation systems for the future
    Read More
  • What actually happens if we do #FreetheMIBs?
    May 1, 2020
    Q-Free’s #FREEtheMIBs campaign highlights the use of manufacturer-specific data output, storage and communication protocols in traffic lights and ITS systems.
    Read More

Highlighted Content