WSP Global signs deal to buy engineering consulting firm Ricardo
MONTREAL - WSP Global Inc. says it has signed a deal to buy Ricardo plc in an agreement that values the engineering consulting firm at about $670 million.
Headquartered in the United Kingdom, Ricardo operates in over 20 countries.
Under the deal, WSP says it will pay 430 pence per Ricardo share.
Ricardo's business is organized under two main portfolios with one group including its air quality, water management, energy resilience, policy strategy, and advisory services and rail and mass transit business segments.
The other group includes its automotive and industrial (A&I) and performance products (PP) business segments.
ARTICLE CONTINUES BELOW
WSP says it plans to continue an ongoing strategic review of the A&I and PP businesses and that while it says no firm decisions have been made, it says the review is likely to result in a sale of the operations.
This report by The Canadian Press was first published June 11, 2025.
Companies in this story: (TSX:WSP)
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As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets currently consisting of interests in 91 operating facilities with an aggregate net installed capacity of 3,737 MW (gross 4,693 MW), including 42 hydroelectric facilities, 36 wind facilities, 10 solar facilities and 3 battery energy storage facilities. Innergex also holds interests in 16 projects under development with a net installed capacity of 915 MW (gross 1,547 MW), 5 of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 10,288 MW. 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