WSP completes Louis Berger acquisition

WSP Global has completed the previously announced acquisition of US-headquartered firm Louis Berger.

The acquisition was completed following the receipt of all required regulatory approvals and the satisfaction of all conditions to the acquisition agreement. 

Louis Berger is mainly active in the transportation and infrastructure as well as environmental and water sectors, as well as in master planning.

The purchase price payable in connection with the acquisition was $400m, which was paid in cash. It was financed by new term loans from a syndication of banks.

Alexandre L’Heureux, WSP’s president and CEO, said: “I am pleased with this transaction which brings together two complementary organisations with aligned strategic ambitions and a resolute emphasis on clients and employees. As we focus on integration in the next few months, we will bring to the combined entity our experience of building a global consultancy with the added benefit of providing professional and personal development opportunities to our employees, while delivering long-term value to our shareholders.

“Lastly, this acquisition enables us to reach all of the objectives set out in our 2015-2018 Strategic Plan. Combined with the other acquisitions completed since the launch of the 2015-2018 Strategic Plan, we have added approximately 15,000 employees and $1.8bn of net revenues - an accomplishment of which we are proud,” he added.