WSP Completes Acquisition of Capita REI and GL Hearn Businesses From Capita Plc
23 Setembro 2022 - 09:00AM
WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation") is pleased
to announce the completion of its previously announced acquisition
of two UK-based businesses: Capita Real Estate and Infrastructure
Ltd. (“Capita REI”) and GL Hearn Ltd. (“GLH”), both owned by Capita
plc.
Capita REI is a leading provider of specialist
advisory, design, engineering, environmental and project management
services for land, building and infrastructure owners, while GLH
provides cross-sector advice to developers and investors. Together,
both businesses will add about 1,000 UK-based employees to WSP’s
workforce, reinforcing its existing service offering within the
country and expanding its strategic advisory offering.
“I would like to extend a warm welcome to our
1,000 new experts from Capita REI and GL Hearn who will add
influence through their solid track record and bolster our
workforce in the UK,” said Alexandre L’Heureux, President and Chief
Executive Officer of WSP. “Through the acquisitions of Capita REI,
GL Hearn and the recently announced Wood’s Environment &
Infrastructure closing, WSP will enhance its scale, strengthen its
value proposition, and accelerate its growth potential in the
UK.”
“We are delighted to welcome our new colleagues
from Capita REI and GL Hearn as the matching capabilities and
cultures will boost WSP’s expertise in our core markets. This
acquisition aligns perfectly with our strategic ambitions in these
markets and will support the diversification of our Strategic
Advisory offering into adjacent markets,” said Mark Naysmith, Chief
Executive Officer of WSP UK & EMEA.
ABOUT WSPAs one of the world's
leading professional services firms, WSP exists to future-proof our
cities and our environment. We provide strategic advisory,
engineering, and design services to clients in the transportation,
infrastructure, environment, building, power, energy, water,
mining, and resource sectors. Our 63,000 trusted professionals are
united by the common purpose of creating positive, long-lasting
impacts on the communities we serve through a culture of
innovation, integrity and inclusion. Sustainability and science
permeate our work. WSP derived about half of its $10.3B (CAD) 2021
revenues from clean sources. The Corporation's shares are listed on
the Toronto Stock Exchange (TSX: WSP). To find out more, please
visit www.wsp.com.
FORWARD-LOOKING STATEMENTSThis
press release contains information or statements that are or may be
“forward-looking statements” within the meaning of applicable
Canadian securities laws. When used in this press release, the
words “may”, “will”, “should”, “expect”, “plan”, “anticipate”,
“believe”, “estimate”, “predict”, “forecast”, “project”, “intend”,
“target”, “potential”, “continue” or the negative of these terms or
terminology of a similar nature as they relate to the Corporation,
an affiliate of the Corporation or the combined firm following the
Acquisition, are intended to identify forward-looking statements.
Forward-looking statements in this press release include, without
limitation, those information and statements related to the
Acquisition, the new term credit facility, the expected benefits of
the Acquisition, and the Corporation's future growth, results of
operations, performance business, prospects and opportunities, the
expected synergies to be realized and certain expected financial
ratios. Although the Corporation believes that the expectations and
assumptions on which such forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements since no assurance can be given that
they will prove to be correct. These statements are subject to
certain risks and uncertainties and may be based on assumptions
that could cause actual results to differ materially from those
anticipated or implied in the forward-looking statements, including
risks and uncertainties relating to the following: the possible
failure to realize anticipated benefits of the Acquisition, the
integration of the E&I business, the loss of certain key
personnel of E&I, the possible failure to achieve the
anticipated synergies, increased indebtedness, transitional risk,
potential undisclosed costs or liabilities associated with the
Acquisition, the reliance on information provided by E&I,
change of control and other similar provisions and fees, the nature
of acquisitions, the fact that the combined firm will continue to
face the same risks that the Corporation currently faces, potential
litigation and other factors discussed or referred to in the “Risk
Factors” section of WSP's Management’s Discussion and Analysis for
the year ended December 31, 2021, and WSP's Management’s Discussion
and Analysis for the six-month period ended July 2, 2022 (together,
the “MD&As”), which are available under WSP’s profile on SEDAR
at www.sedar.com. The foregoing list is not exhaustive and other
unknown or unpredictable factors could also have a material adverse
effect on the performance or results of WSP or E&I. WSP's
forward-looking statements are expressly qualified in their
entirety by this cautionary statement. For additional information
on this cautionary note regarding forward-looking statements as
well as a description of the relevant assumptions and risk factors
likely to affect WSP's actual or projected results, reference is
made to the MD&As, which are available on SEDAR at
www.sedar.com. The forward-looking statements contained in this
press release are made as of the date hereof and except as required
under applicable securities laws, WSP does not undertake to update
or revise these forward-looking statements, whether written or
verbal, that may be made from time to time by itself or on its
behalf, whether as a result of new information, future events or
otherwise. The forward-looking statements contained in this press
release are expressly qualified by these cautionary statements.
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT:
Alain MichaudChief Financial
OfficerWSP Global Inc.alain.michaud@wsp.com Phone: 438-843-7317
WSP Global (TSX:WSP)
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