WSP Global

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WSP Global Inc.
Type Public company
Traded as TSXWSP
Industry Construction management, engineering consulting
Predecessors
Founded 1959
Headquarters Montréal, Canada
Key people Pierre Shoiry, (President and Chief Executive Officer)
Revenue $2,016.02 million (2013)
Operating income $123.9 million(2013)
Net income $87.2 million (2013)
Employees 17,500 (2014)[1]
Website www.wspgroup.com

WSP Global Inc. is a Canadian-based business providing management and consultancy services to the built and natural environment. It is listed on the Toronto Stock Exchange.

On 7 June 2012, Genivar Inc. announced that it made a friendly takeover cash offer of £278 million (C$442 million) for WSP Group plc, headquartered in London. The offer was backed by WSP's board of directors as well as investors holding 37% of the company's shares and the take over was completed on 1 August 2012.[2][3][4]

History[edit]

Engineering Services firms, G.B.G.M. Ltd and Les Consultants Dupuis, Côté Inc., began operating in Quebec City in 1959. After acquiring three firms and geographical expansion in 1993, the name was changed to GENIVAR.[5]

In 1969 in England, WSP was established by Chris Cole and three other partners trading as the William Sale Partnership.[6] In 1976, it was a founder member of the Building Services Research and Information Association (BSRIA). It was first listed on the London Stock Exchange in 1987.[6]

Both firms grew over the years, and on 1 August 2012, WSP and GENIVAR merged, creating a professional services firm with approximately 15,000 employees, working in over 300 offices on every habitable continent.[7]

The company reorganised its corporate structure in 1 January 2014 to create a parent company named WSP Global Inc. and adopted the common brand of WSP.

On 3 September 2014, WSP Global announced that it intended to purchase New York headquartered professional services firm Parsons Brinckerhoff from Balfour Beatty plc for USD$1.24 billion.[8] The company has a network of approximately 170 offices and nearly 13,500 employees on five continents.[9]

Operations[edit]

The company is organised into the following main service areas: Buildings, Energy, Environment, Industry, Mining, and Transport and Infrastructure.[10]

Notable projects[edit]

Notable projects in progress

Notable completed projects

References[edit]

  1. ^ "Quick Facts". WSP Group. Retrieved 24 September 2014. 
  2. ^ Van Praet, Nicolas (2012-06-07). "Genivar bids for WSP Group as Quebec firms continue Europe takeover binge". Financial Post. Retrieved 9 June 2012. 
  3. ^ "Genivar's $442 million WSP Group PLC takeover, no job cuts". The Gazette. 2012-06-08. Retrieved 9 June 2012. 
  4. ^ "GENIVAR and WSP Group join forces to become a global professional services firm with world-class expertise". GENIVAR Inc. (GNV). TMX Group. 2012-06-07. Retrieved 9 June 2012. 
  5. ^ "History". WSP. Retrieved 10 April 2014. 
  6. ^ a b "Building Magazine, The Long Haul". Retrieved 3 April 2008. 
  7. ^ "GENIVAR Inc Completes Acquisition Of WSP Group PLC". Reuters. Retrieved 1 August 2012. 
  8. ^ http://online.wsj.com/articles/balfour-beatty-to-sell-parsons-brinckerhoff-to-wsp-global-1409778904
  9. ^ http://www.wspgroup.com/en/WSP-UK/Who-we-are/Newsroom/News-releases1/20141/WSP-to-Acquire-Parsons-Brinckerhoff-a-Leading-Global-Professional-Services-Firm-With-a-Deep-Expertise-in-Infrastructure-/. Retrieved 23 September 2014.  Missing or empty |title= (help)
  10. ^ "WSP Services". Retrieved 24 September 2014. 
  11. ^ "WSP throws reinforcements into Freedom Tower battle". Retrieved 2008-10-10. 
  12. ^ "The Masdar Initiative". Retrieved 2008-04-03. 
  13. ^ "KLCC - Petronas Towers". Retrieved 2011-09-25. 

Design Management of Buildings

External links[edit]