Deals
WSP Buys Idaho Engineering Firm in $1.8 Billion Energy Transition Bet
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Engineering firm WSP Global Inc. agreed to buy energy-focused rival Power Engineers Inc. for C$2.44 billion ($1.8 billion) with the financial backing of Singapore’s sovereign wealth fund and three large Canadian pension funds.
The deal is “a transformative step that will position us at the forefront of the energy transition,” WSP Chief Executive Officer Alexandre L’Heureux said in a statement announcing the transaction on Monday.