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MONTREAL – WSP Global Inc. . buys Ontario’s Golder Associates for approximately $ 1. 5 billion that the Quebec company says will create the world’s leading environmental consultancies.
Shares in the Montreal-based engineering services company rose nearly 15 percent to $ 111. 17 in midday trading, up slightly from a record high in early trading on the Toronto Stock Exchange.
Alexandre L’Heureux, CEO of WSP, says the deal will enable WSP to capitalize on the rapidly growing trends in ESG (environment, society and governance) that are driving demand for environmental services and sustainable infrastructure development drive.
After the conclusion of the contract, which is expected in the second quarter, 14. 000 of 54. 000 WSP employees are focused on accelerating the transition to green solutions.
The environmental sector will account for approximately 35 percent of WSP’s total annual revenue of $ 8 billion.
Founded in Mississauga, Ont. in 1960. Golder, based in, provides engineering services in industries such as the environment, mining, oil and gas, and energy and infrastructure. It is in 30 countries with 7. 000 employees in 155 offices.
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WSP Global, Golder Associates, Engineering, Environmental Consulting, Ontario
World News – CA – WSP Global shares rise with the purchase of Golder Associates, Ontario for $ 1. 5 billion
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– GIC and BCI support WSP&s US $ 1. 14B Acquisition of Golder Associates
– WSP Global shares increase with the purchase of Ontario&s Golder Associates for $ 1. 5 billion
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