WSP Announces the Closing of the TPS Acquisition
MONTREAL, QUEBEC -- (Marketwired) -- 04/30/14 -- WSP Global Inc.
(TSX: WSP) ("WSP" or the "Corporation") is pleased to announce that
it has completed its previously announced acquisition of Technip TPS
S.A.S. ("TPS"), the French subsidiary of Technip S.A. ("Technip").
Based in France, TPS specializes in building and infrastructure
engineering. The firm, which generated revenues of EUR20 million in
revenues (approximately CDN$30 million) in 2013, has 100 employees.
They will join the 50-employees team WSP already has in France, which
is active in the infrastructure, hydraulics, environmental and
All customary closing conditions, including applicable regulatory
approvals, were met.
Founded in 1989, TPS was created by Technip, a European engineering
leader, in order to provide its clients with high-quality engineering
services in the building and infrastructure sector. Headquartered in
Paris and with offices in Lyons, Toulouse and Abu Dhabi, TPS has the
skills needed to design and deliver excellence in both the public and
private sectors. It has overseen major projects such as the
Bibliotheque de France, Renault's Technocentre and Airbus's A380
WSP is one of the world's leading professional services firms,
working with governments, businesses, architects and planners and
providing integrated solutions across many disciplines. The firm
provides services to transform the built environment and restore the
natural environment, and its expertise ranges from environmental
remediation to urban planning, from engineering iconic buildings to
designing sustainable transport networks, and from developing the
energy sources of the future to enabling new ways of extracting
essential resources. It has approximately 17,000 employees, mainly
engineers, technicians, scientists, architects, planners, surveyors,
other design professionals, as well as various environmental experts,
based in more than 300 offices, across 30 countries, on 5 continents.
President and CEO
WSP Global Inc.
(514) 340-0046, ext. 5104
Director, Communications and Investor Relations
WSP Global Inc.
(514) 340-0046, ext. 5648
WSP France S.A.S.
(33) 4 80 70 04 25
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