Latest news with #WSPGlobalInc
Toronto Star
3 days ago
- Business
- Toronto Star
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)
CTV News
3 days ago
- Business
- CTV News
WSP Global signs deal to buy engineering consulting firm Ricardo
The WSP Global Inc. logo is seen in Toronto on Sunday, Sept. 1, 2024. THE CANADIAN PRESS/Sean Vokey 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. 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.
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
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. 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)
Winnipeg Free Press
3 days ago
- Business
- Winnipeg Free Press
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. 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. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published June 11, 2025. Companies in this story: (TSX:WSP)
Hamilton Spectator
08-05-2025
- Business
- Hamilton Spectator
WSP Global beats earnings expectations as backlog grows despite Trump spending freeze
MONTREAL - WSP Global Inc. says profits grew 14 per cent in its latest quarter amid a growing backlog despite trade war worries. The engineering firm is reporting net earnings attributable to shareholders of $144.1 million in the three months ended March 29, up from $126.8 million in the same period a year earlier. WSP says revenue climbed 22 per cent to $4.39 billion in the first quarter from $3.59 billion the year before. On an adjusted basis, the Montreal-based company says net earnings increased to $1.76 per share from $1.55 per share, beating analysts' expectations of $1.71 per share, according to financial markets firm LSEG Data & Analytics. WSP also beefed up its backlog by 17 per cent to a record $16.60 billion from $14.23 billion, despite the Trump administration's professed aversion to spending on big projects hatched in recent years. U.S. President Donald Trump in January ordered a freeze on infrastructure spending approved under the Biden administration, which had allocated billions of dollars to states and cities for everything from highway expansions to water system upgrades. This report by The Canadian Press was first published May 8, 2025. Companies in this story: (TSX:WSP)
