WSP Completes Acquisition of Capita REI and GL Hearn Companies From Capita Plc

0
1


Article content material

MONTREAL, Sept. 23, 2022 (GLOBE NEWSWIRE) — WSP International Inc. (TSX: WSP) (“WSP” or the “Company”) is happy to announce the completion of its beforehand introduced acquisition of two UK-based companies: Capita Actual Property and Infrastructure Ltd. (“Capita REI”) and GL Hearn Ltd. (“GLH”), each owned by Capita plc.

Capita REI is a number one supplier of specialist advisory, design, engineering, environmental and venture administration providers for land, constructing and infrastructure homeowners, whereas GLH gives cross-sector recommendation to builders and buyers. Collectively, each companies will add about 1,000 UK-based staff to WSP’s workforce, reinforcing its current service providing throughout the nation and increasing its strategic advisory providing.

Article content material

“I wish to prolong a heat welcome to our 1,000 new consultants from Capita REI and GL Hearn who will add affect via their strong observe file and bolster our workforce within the UK,” stated Alexandre L’Heureux, President and Chief Government Officer of WSP. “By the acquisitions of Capita REI, GL Hearn and the not too long ago introduced Wooden’s Setting & Infrastructure closing, WSP will improve its scale, strengthen its worth proposition, and speed up its progress potential within the UK.”

“We’re delighted to welcome our new colleagues from Capita REI and GL Hearn because the matching capabilities and cultures will enhance WSP’s experience in our core markets. This acquisition aligns completely with our strategic ambitions in these markets and can help the diversification of our Strategic Advisory providing into adjoining markets,” stated Mark Naysmith, Chief Government Officer of WSP UK & EMEA.

Article content material

ABOUT WSP
As one of many world’s main skilled providers companies, WSP exists to future-proof our cities and the environment. We offer strategic advisory, engineering, and design providers to shoppers within the transportation, infrastructure, atmosphere, constructing, energy, vitality, water, mining, and useful resource sectors. Our 63,000 trusted professionals are united by the frequent goal of making constructive, long-lasting impacts on the communities we serve via a tradition of innovation, integrity and inclusion. Sustainability and science permeate our work. WSP derived about half of its $10.3B (CAD) 2021 revenues from clear sources. The Company’s shares are listed on the Toronto Inventory Change (TSX: WSP). To search out out extra, please go to www.wsp.com.

Article content material

FORWARD-LOOKING STATEMENTS
This press launch incorporates data or statements which might be or could also be “forward-looking statements” throughout the that means of relevant Canadian securities legal guidelines. When used on this press launch, the phrases “might”, “will”, “ought to”, “count on”, “plan”, “anticipate”, “imagine”, “estimate”, “predict”, “forecast”, “venture”, “intend”, “goal”, “potential”, “proceed” or the unfavourable of those phrases or terminology of the same nature as they relate to the Company, an affiliate of the Company or the mixed agency following the Acquisition, are meant to establish forward-looking statements. Ahead-looking statements on this press launch embrace, with out limitation, these data and statements associated to the Acquisition, the brand new time period credit score facility, the anticipated advantages of the Acquisition, and the Company’s future progress, outcomes of operations, efficiency enterprise, prospects and alternatives, the anticipated synergies to be realized and sure anticipated monetary ratios. Though the Company believes that the expectations and assumptions on which such forward-looking statements are primarily based are cheap, undue reliance shouldn’t be positioned on the forward-looking statements since no assurance could be provided that they may show to be appropriate. These statements are topic to sure dangers and uncertainties and could also be primarily based on assumptions that might trigger precise outcomes to vary materially from these anticipated or implied within the forward-looking statements, together with dangers and uncertainties regarding the next: the attainable failure to comprehend anticipated advantages of the Acquisition, the mixing of the E&I enterprise, the lack of sure key personnel of E&I, the attainable failure to realize the anticipated synergies, elevated indebtedness, transitional danger, potential undisclosed prices or liabilities related to the Acquisition, the reliance on data offered by E&I, change of management and different comparable provisions and charges, the character of acquisitions, the truth that the mixed agency will proceed to face the identical dangers that the Company presently faces, potential litigation and different elements mentioned or referred to within the “Threat Components” part of WSP’s Administration’s Dialogue and Evaluation for the 12 months ended December 31, 2021, and WSP’s Administration’s Dialogue and Evaluation for the six-month interval ended July 2, 2022 (collectively, the “MD&As”), which can be found underneath WSP’s profile on SEDAR at www.sedar.com. The foregoing listing isn’t exhaustive and different unknown or unpredictable elements might even have a fabric opposed impact on the efficiency or outcomes of WSP or E&I. WSP’s forward-looking statements are expressly certified of their entirety by this cautionary assertion. For extra data on this cautionary word relating to forward-looking statements in addition to an outline of the related assumptions and danger elements more likely to have an effect on WSP’s precise or projected outcomes, reference is made to the MD&As, which can be found on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are made as of the date hereof and besides as required underneath relevant securities legal guidelines, WSP doesn’t undertake to replace or revise these forward-looking statements, whether or not written or verbal, which may be made infrequently by itself or on its behalf, whether or not on account of new data, future occasions or in any other case. The forward-looking statements contained on this press launch are expressly certified by these cautionary statements.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Alain Michaud
Chief Monetary Officer
WSP International Inc.
alain.michaud@wsp.com
Telephone: 438-843-7317

LEAVE A REPLY

Please enter your comment!
Please enter your name here