WSP to acquire Schlumberger's industrial water consultancy business
WSP Global Inc. has entered into an agreement with Schlumberger to acquire its industrial water consultancy business.
This 250 employee business will enable WSP to provide water consulting services and project solutions to industrial clients worldwide and will establish a presence for WSP in Chile and Peru.
Additionally, the acquisition will add to WSP's presence in a number of countries in which the firm currently operates, including the United States, the United Kingdom, Colombia and Mexico.
The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2016.
Alexandre L'Heureux, the incoming President and Chief Executive Officer of WSP, commented:
"The industrial water consultancy team will bring WSP an increased presence in the attractive global water market, more specifically, in the supply, management, control and environmental protection of water. This transaction, which will be financed using our available cash, is aligned with our growth strategy; not only are we deepening our expertise in the industrial water sector, but we are strengthening our presence in South America, a region we are targeting in our 2015-2018 strategic plan. We look forward to welcoming all new employees from this division."
John McCartney, business manager, Industrial Water Consultancy, Schlumberger, stated:
"We are pleased about the prospect of joining WSP as our operations are complementary, and expect to create new opportunities for our employees and our clients. Upon closing, we anticipate playing an active role in the development and growth of WSP's multi-disciplinary group in South America and to offer a wide range of additional services to our clients around the world."
Country news
-
-
June 28, 2016
Recommended procurement strategy for George Street Revitalization in Toronto
The Deputy City Manager, Cluster A, and the Deputy City Manager and Chief Financial Officer of Toronto (Ontario, Canada) have recommended Toronto City Council to proceed with an Alternative Financing and Procurement (AFP) model for the implementation of the George Street Revitalization project using a Design-Build-Finance approach. Read more -
June 23, 2016
RfPs released for Groves Memorial Community Hospital P3 Project in Ontario
Infrastructure Ontario (IO) and Groves Memorial Community Hospital have released a request for proposals (RFP) to develope a new hospital in Aboyne, between Elora and Fergus. The new hospital will replace the existing Groves Memorial Community Hospital in Fergus.
Read more -
June 20, 2016
Prequalified companies Invited to bid on Mount Sinai Hospital Redevelopment Project
Infrastructure Ontario and Sinai Health System has invited four companies to compete for the contract to build and finance Sinai Health System’s redevelopment P3 project at Mount Sinai Hospital in Toronto, Canada. Read more -
June 20, 2016
New Brunswick to seek PPP partner for nursing homes
New Brunswick is seeking a developer to build a new nursing home under P3 agreement. The new project aims to replace the two deteriorating ones in Miramichi, in the Canadian province. Read more -
June 17, 2016
Concert infrastructure acquires Carillion´s 50 interest in social P3 in Toronto
Concert Infrastructure has acquired Carillion’s 50% interest in the Forensic Services and Coroner’s Complex (FSCC) in Toronto, Ontario, and specifically the project company CSS (FSCC) Partnership. Having previously held a 50% interest in the project, Concert Infrastructure now wholly owns the project company. Read more
