From ENR.com: James Leggate & Debra K. Rubin:
The large engineering firm, WSP Global Inc., is acquiring one of the nation’s large engineering firm, Power Engineers Inc. The “Montreal-based engineering and professional services giant WSP Global Inc. is looking to grow its global energy transition impact with the $1.78-billion purchase of Hailey, Idaho-based Power Engineers Inc., a leading power sector design firm.”
The sale is expected to take place later this year, which “would provide WSP strategic benefits that will ‘expand our ability to help clients and communities … adapt to the changing energy landscape,’ said President and CEO Alexandre L’Heureux. ‘By uniting WSP’s extensive global network and Power’s deep technical expertise, we are poised to provide exceptional solutions and service quality.’
WSP, which is publicly traded in Canada, also expects the purchase to complement its work in transportation and infrastructure, property and buildings, and water and environment sectors.”