WSP has announced an agreement to acquire Golder Associates, the engineering and consulting firm
The acquisition is expected to be completed in the first half of the second quarter of 2021.
The transaction must be approved by the shareholders at a meeting duly called for such purpose, the meeting is expected to be held on 13 January 2021.
Alexandre L’Heureux, president and chief executive officer of WSP, said: “Together we will create the leading global environmental consulting firm with approximately 14,000 of our 54,000 professionals dedicated to accelerating the world’s green transition.
Driving environmental services
“The combination ideally positions WSP to capitalise on the rapidly growing ESG trends driving demand for environmental services and sustainable infrastructure development.
“WSP looks forward to welcoming Golder Associates’ employees and joining forces with such a well-respected environmental consulting brand. Golder is a global leader in earth sciences and environmental services.
“This acquisition directly contributes to the realisation of the goals we laid out in our 2019-2021 Global Strategic Plan and is expected to contribute to both strategic growth and value creation for many years to come.
“Furthermore, the strategic relationships with GIC and BCI mark another important milestone for WSP to actively continue our acquisition strategy.”
Dr. Hisham Mahmoud, global president and chief executive officer of Golder, said: “Over the last 60 years, Golder has been on a journey where we have built one of the most successful and respected brands in the industry.
“Combining Golder’s industry-leading expertise with WSP’s impressive world-class platform and highly complementary services will provide long-term benefits for our people and help create greater value for our clients.
“This view is echoed and confirmed by the overwhelming support of our Partners for the transaction. I believe that the compatible cultures and values of WSP and Golder will facilitate successful integration.”