WSP to acquire Golder Associates

By Leila Steed07 December 2020

img-png-wsp-red

Canadian engineering consultant WSP Global has signed a US$1.14 billion agreement to acquire global engineering firm Golder Associates.

Golder, which has been operating for over 60 years, provides earth science and environmental consultancy services to the oil and gas, mining, manufacturing, power, and infrastructure sectors.

The deal will see WSP take control of Golder’s worldwide operations and will add 155 offices and 7,000 staff to its organisation.

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.

”The combination ideally positions WSP to capitalize on the rapidly growing ESG trends driving demand for environmental services and sustainable infrastructure development”,

Forming part of WSP’s strategic growth plans, the company agreed the proposed acquisition with Golder’s parent company Enterra Holdings.

Dr. Hisham Mahmoud, Global President and CEO of Golder, said, “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.”

Mahmoud added that the companies’ compatible cultures and values would create a successful union.

The deal still needs to be approved by shareholders and the Supreme Court of Nova Scotia, and is due to be completed in the spring of 2021.

 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
A history of machine control: part one
The major milestones of machine control are examined 
How is construction adapting to supply chain problems?
Industry experts discuss future solutions to supply chain disruption
Sustainable road building: latest electric launches
ICON looks at the latest launches in green road building machines
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA