WSP Global
File:WSP logo.png | |
Company type | Public company |
---|---|
TSX: WSP | |
Industry | Design, Engineering consulting, Environment consulting, Planning, Professional services |
Predecessor |
|
Founded | 1959 |
Headquarters | Montreal, Canada |
Key people | Alexandre L'Heureux, (President and Chief Executive Officer) |
Revenue | $6.1 billion (2015)[1] |
Number of employees | 36,500 (2016)[2] |
Website | www |
![](http://upload.wikimedia.org/wikipedia/commons/thumb/3/30/WSPMarkham.jpg/220px-WSPMarkham.jpg)
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. After the purchase of New York-headquartered professional services firm Parsons Brinckerhoff in October 2014, WSP Global effectively became one of the largest professional services firm in the world, with approximately 36,500[4] employees in 500 offices serving in 40 countries.
History
Engineering Services firms, G.B.G.M. Ltd and Les Consultants Dupuis, Côté Inc., began operating in Quebec City in 1959.
In 1969 in England, WSP was established by Chris Cole and three other partners trading as the William Sale Partnership.[5] 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.[5]
After acquiring three firms and geographical expansion in 1993, the name was changed to GENIVAR.[6]
In the 1990s the company expanded at home and overseas forming WSP Asia in 1995, incorporating T P O'Sullivan and Partners in 1997, acquiring US practices Cantor Seinuk and Flack + Kurtz in 2000, as well as buying Jacobson & Widmark (J&W) in Sweden in 2001, LT Consultants Oyj and EMP Projects Oyj in Finland in 2003 and, PHB Group in the UAE in 2005.[5]
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.[7][8][9] This merger created a professional services firm with approximately 15,000 employees, working in over 300 offices worldwide.[10]
The company reorganised its corporate structure on 1 January 2014, to create a parent company named WSP Global Inc. and adopted the common brand of WSP.
On 31 October 2014, WSP Global announced that it had completed the purchase of New York-headquartered professional services firm Parsons Brinckerhoff from Balfour Beatty plc for USD$1.24 billion.[11] The company has a network of approximately 170 offices and nearly 13,500 employees on five continents[12] and became a wholly owned independent subsidiary.[13] Together, WSP | Parsons Brinckerhoff is one the largest professional services firms in the world with approximately 32,000 employees in 500 offices serving 39 countries.
In early 2015, WSP Global announced the engineering consultancy firm's plans to expand to 45,000 employees by 2020.[14]
In October 2016, WSP purchased Mouchel Consulting from Kier for approximately £75 million.[15]
Operations
The company is organised into the following main service areas: Buildings, Energy, Environment, Industry, Mining, and Transport and Infrastructure.[16]
Notable projects
Notable projects in progress
- Centre hospitalier de l'Université de Montréal: WSP is providing project management services.
- Berlin-Brandenburg International Airport: WSP CBP is providing project management services.
- The City Line in Sweden: WSP is providing project management services.
- MGM MIRAGE CityCenter in Las Vegas, Nevada
Notable completed projects
- One World Trade Center in New York, NY.[17]
- The Shard in London, UK.
- 7 World Trade Center in New York, NY.
- 8 Spruce Street in New York, NY.
- 30 The Bond in Sydney, Australia.
- 60 Wall Street in New York, NY.
- 277 Park Avenue in New York, NY.
- 383 Madison Avenue in New York, NY.
- 1585 Broadway in New York, NY.
- Arthur Ashe Stadium in Flushing, NY.
- Australia and New Zealand Banking Group Headquarters, in Melbourne, Australia. The largest single-tenanted commercial office building in the Southern Hemisphere.
- Beetham Tower, Manchester, the tallest building in the UK outside London.
- Bính Bridge in Vietnam.
- The Biogas-to-Energy project at the PetroSA refinery in Mossel Bay, South Africa.
- Birmingham Bullring in Birmingham, UK.
- Brisbane's Airport Link, Australia.
- Canning Town station in London, UK.
- Citi Field in Flushing, NY.
- City Central Development in Adelaide, Australia.
- Collins Square in Melbourne, Australia. The largest mixed-use commercial development in Australia.
- Condé Nast Building in New York, NY.
- Council House 2 in Melbourne, Australia.
- Freshwater Place in Melbourne Australia
- Farnborough Business Park, UK.
- Gotha Tunnel in Gothenburg, Sweden.
- Hearst Tower (New York City), the city's first Gold LEED (Leadership in Energy and Environmental Design) certified building.
- Hungerford Bridge crosses the River Thames in London.
- 885 3rd Avenue (The Lipstick Building) in New York, NY.
- Mellon Bank Center in Philadelphia, PA.
- The New York Times Building in New York, NY.
- The Orion in New York, NY.
- Petronas Twin Towers in Kuala Lumpur, Malaysia: WSP provided MEP services.[18]
- Royal Bank of Scotland Headquarters in Edinburgh, UK.
- Royal Shakespeare Company’s Courtyard Theatre in London, UK.
- Southern Cross Station, in Melbourne, Australia.
- Suvarnabhumi Airport in Bangkok, Thailand.
- Time Warner Center in New York, NY.
- Torre Mayor in Mexico City, Mexico.
- Trump International Hotel & Tower in New York, NY.
- Trump Tower in New York, NY.
- Trump World Tower in New York, NY.
References
- ^ http://www.marketwired.com/press-release/wsp-reports-solid-q4-and-fiscal-2015-results-tsx-wsp-2105921.htm
- ^ "Quick Facts". WSP Group. Retrieved 09 November 2016.
{{cite web}}
: Check date values in:|accessdate=
(help) - ^ http://www.marketwired.com/press-release/wsp-reports-solid-q4-and-fiscal-2015-results-tsx-wsp-2105921.htm
- ^ "Who we are". WSP Group. Retrieved 2016-11-09.
- ^ a b c "Building Magazine, The Long Haul". Retrieved 3 April 2008.
- ^ "History". WSP. Retrieved 10 April 2014.
- ^ Van Praet, Nicolas (2012-06-07). "Genivar bids for WSP Group as Quebec firms continue Europe takeover binge". Financial Post. Retrieved 9 June 2012.
- ^ "Genivar's $442 million WSP Group PLC takeover, no job cuts". The Gazette. 2012-06-08. Retrieved 9 June 2012.
- ^ "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.
- ^ "GENIVAR Inc Completes Acquisition Of WSP Group PLC". Reuters. Retrieved 1 August 2012.
- ^ http://online.wsj.com/articles/balfour-beatty-to-sell-parsons-brinckerhoff-to-wsp-global-1409778904
- ^ 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.
{{cite web}}
: Missing or empty|title=
(help) - ^ Press release WSP Global
- ^ Nicolas Van Praet (2015-01-20). "Engineering consultancy firm WSP Global soars to new heights". The Globe And Mail. Retrieved 23 February 2016.
- ^ Rhiannon Bury (2016-10-12). "Kier Banks £40m as it offloads consultancy business to WSP". The Telegraph. Retrieved 31 October 2016.
- ^ "WSP Services". Retrieved 24 September 2014.
- ^ https://oneworldobservatory.com/
- ^ "KLCC - Petronas Towers". Retrieved 2011-09-25.
- General
Design Management of Buildings
External links
- Morningstar National Bank Québec Index
- S&P/TSX Composite Index
- Companies established in 1973
- Companies listed on the Toronto Stock Exchange
- Companies listed on the London Stock Exchange
- Companies based in Montreal
- Business services companies of the United Kingdom
- Construction and civil engineering companies of Canada
- Construction and civil engineering companies of the United Kingdom
- Engineering companies of the United Kingdom
- International management consulting firms
- Management consulting firms of Canada
- Engineering consulting firms
- Canadian brands