WSP Acquires Irwinconsult And Strengthens Its Property & Buildings Business In Australia
MONTREAL, Dec. 05, 2018 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) is pleased to announce that it has acquired Irwinconsult, a 210-employee Australian engineering company specializing in property and buildings.
The Irwinconsult acquisition, which was financed using WSP’s available cash and credit facilities, is aligned with WSP’s 2015-2018 Strategic Plan. It will bolster WSP’s presence in Australia by increasing its expertise in property and buildings.
“The addition of Irwinconsult to the WSP team strengthens our specialist capability in engineering the most complex and iconic buildings, and delivers a clear leadership position in Victoria while also strengthening other markets,” noted Guy Templeton, President and Chief Executive Officer of WSP in Australia and New Zealand. “We look forward to welcoming all our new colleagues to WSP.”
Phil Gardiner, Irwinconsult’s Managing Director commented, “Becoming a member of WSP is great news for Irwinconsult and we look forward to strengthening our service offerings in property and buildings, while continuing to provide the highest levels of service to our clients. Being associated with a team whose operating model and culture are aligned with our own will provide significant opportunities for both clients and employees.”
Founded in 1953, Irwinconsult is a leading Australian engineering company, providing an integrated range of engineering consulting services spanning building and infrastructure. Services range from civil, structural and building services engineering through facade, traffic, transport & parking, waste management and building certification. The firm has a long and distinguished history during which time it has won many awards and designed some of Australia’s most iconic buildings, such as Parliament House, Canberra, Parliament of Victoria Member’s Annex Building and Bendigo Hospital. Irwinconsult has 210 highly skilled employees, operating across Australia (Melbourne, Bendigo and Darwin).
As one of the world’s leading professional services firms, WSP provides technical expertise and strategic advice to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Industry, Resources (including Mining and Oil & Gas) and Energy sectors, as well as offering project and program delivery and advisory services. Our experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 44,000 talented people in 550 offices across 40 countries, we are uniquely positioned to deliver successful and sustainable projects, wherever our clients need us. www.wsp.com
Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP’s forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect WSP’s actual or projected results are included in the Management’s Discussion and Analysis for the year ended December 31, 2017, which is available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and WSP does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.
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WSP Global Inc.
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