WSP Acquires b+p, Increasing Its Strategic Advisory Services Expertise and Presence in Switzerland
April 21 2021 - 7:00AM
WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) is pleased
to announce that it has acquired b+p baurealisation (“b+p”), a
100-employee engineering and consulting firm. Based in Zurich,
Switzerland, with additional offices across the country, b+p offers
primarily project & construction management and cost management
services to both public and private sector clients. The acquisition
of b+p was financed using WSP’s available cash and credit
facilities.
“This acquisition supports WSP’s 2019-2021
Global Strategic Plan’s objectives to expand our service offering
into strategic advisory areas, in addition to increasing our
footprint in geographies where we can continue to purposefully
grow,” commented Alexandre L’Heureux, President & CEO of WSP.
“We look forward to welcoming our new colleagues to WSP.”
“Having partnered with b+p on numerous bids and
successful projects over the years, we are confident that our
complementary offering and competencies in the Property &
Buildings and Industry sectors, will allow our now 150-employee
workforce in Switzerland to better serve our clients, while
favourably positioning us to access a wider client base across an
expanded national footprint,” added Magnus Meyer, Managing
Director, Nordics and Continental Europe.
Commenting on the transaction, b+p co-owners
Peter Zwick and Marco Bertolini said, “Becoming a member of WSP is
great news for b+p and our employees. We are proud to join a team
whose values, commitment to technical expertise and strong client
relationships are aligned to our own. Together we will be able to
have a truly powerful offering, providing additional opportunities
for both employees and clients, locally and internationally.”
ABOUT B+P With four
locations across Switzerland, our recognized expertise in project
and construction management allows us to offer a range of
engineering and consulting services for private and public builders
as well as architects. For 25 years, we have advised our clients in
the Property & Buildings and Industry sectors on how to achieve
their goals sustainably. For more information, please visit
https://www.bp-baurealisation.ch/.
ABOUT WSP As one of the
world's leading professional services firms, WSP provides
engineering and design services to clients in the Transportation
& Infrastructure, Property & Buildings, Environment, Power
& Energy, Resources and Industry sectors, as well as offering
strategic advisory services. WSP's global experts include
engineers, advisors, technicians, scientists, architects, planners,
environmental specialists and surveyors, in addition to other
design, program and construction management professionals. Our
talented people are well positioned to deliver successful and
sustainable projects, wherever clients need us. For more
information about WSP, please visit www.wsp.com.
FORWARD-LOOKING
STATEMENTSCertain information contained herein may
constitute “forward-looking statements” within the meaning of
applicable Canadian securities laws and regulations.
Forward-looking statements may include estimates, plans,
objectives, expectations, opinions, forecasts, projections,
guidance, outlook or other statements that are not statements of
fact. Although WSP believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. WSP's
forward-looking statements are expressly qualified in their
entirety by this cautionary statement. The complete version of the
cautionary note regarding forward-looking statements as well as the
relevant assumptions and risk factors, which, if realized, could
cause the Corporation's actual results to differ materially from
those expressed or implied in forward-looking statements, are
included in the Corporation’s Management’s Discussion and Analysis
for the year ended December 31, 2020, which is available on SEDAR
at www.sedar.com. The forward-looking statements contained in this
press release are made as of the date hereof and WSP does not
assume any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise unless expressly required by applicable securities
laws.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Alain Michaud Chief Financial
Officer WSP Global
Inc. alain.michaud@wsp.com Phone:
438-843-7317
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