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WSP Group

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WSP Group

WSP Global Inc.
Type Public company
Traded as TSX: WSP
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 .com.wspgroupwww

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.

History

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.[2]

In 1969 in England, WSP was established by Chris Cole and three other partners trading as the William Sale Partnership.[3] 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.[3]

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.[4][5][6] WSP and GENIVAR merged on 1 August 2012 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 31 October 2014, WSP Global announced that had it completed 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] The purchase of Parsons Brinckerhoff was completed on October 31, 2014 and the firm became a wholly owned independent subsidiary,[10] together WSP/Parsons Brinckerhoff are one the largest professional services firms in the world with approximately 31,500 employees in 500 offices serving 39 countries.[11]

Operations

The company is organised into the following main service areas: Buildings, Energy, Environment, Industry, Mining, and Transport and Infrastructure.[12]

Notable projects

Notable projects in progress

Notable completed projects

References

  1. ^ "Quick Facts". WSP Group. Retrieved 24 September 2014. 
  2. ^ "History". WSP. Retrieved 10 April 2014. 
  3. ^ a b "Building Magazine, The Long Haul". Retrieved 3 April 2008. 
  4. ^ Van Praet, Nicolas (2012-06-07). "Genivar bids for WSP Group as Quebec firms continue Europe takeover binge".  
  5. ^ "Genivar's $442 million WSP Group PLC takeover, no job cuts".  
  6. ^ "GENIVAR and WSP Group join forces to become a global professional services firm with world-class expertise". GENIVAR Inc. (GNV).  
  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. 
  10. ^ Press release WSP Global
  11. ^ News WSP Global
  12. ^ "WSP Services". Retrieved 24 September 2014. 
  13. ^ "WSP throws reinforcements into Freedom Tower battle". Retrieved 2008-10-10. 
  14. ^ "The Masdar Initiative". Retrieved 2008-04-03. 
  15. ^ "KLCC - Petronas Towers". Retrieved 2011-09-25. 

Design Management of Buildings

External links

  • Official site
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