WSP Completes the Acquisition of Calibre
MONTREAL, June 05, 2023 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) is pleased to announce that it has completed the acquisition of Calibre Professional Services One Pty Ltd (“Calibre”), in Australia. With the addition of Calibre’s 800 professionals, WSP strengthens its position as a leading provider of services across the full mining asset life cycle.
WSP’s mining team now represents over 5,200 professionals globally, including 1,400 experts in Australia, and benefits from an enhanced ability to support blue-chip mining clients in Western Australia.
“We are eager to leverage the full potential of our combined teams and work together to support mining clients with strong ESG commitments,” said Alexandre L’Heureux, President and CEO of WSP. “We have the opportunity to play a pivotal role at a time when mining companies are making bold commitments towards decarbonizing their operations and infrastructure, while providing the critical minerals required for the green transition.”
“With the acquisition of Calibre, we are significantly growing our presence in Western Australia, and in the mining sector, while further building on our Earth and Environment capabilities,” said Guy Templeton, WSP’s President and CEO, Asia Pacific. “We also look forward to creating significant value for our clients in the Pilbara Region and across the country.”
“Over the past two decades, we have focused on building Calibre as a consultant of choice for major mining projects. Joining WSP enables our talent to leverage the scale, capabilities, and expertise of a global company with 67,000 professionals,” said Adrian Chapman, Executive General Manager at Calibre.
As one of the largest professional services firms in the world, WSP exists to future-proof our cities and our environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. Its 67,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity, and inclusion. In 2022, WSP reported $11.9 B (CAD) in revenue. The Corporation’s shares are listed on the Toronto Stock Exchange (TSX: WSP).
This press release contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities laws. When used in this press release, the words “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “forecast”, “project”, “intend”, “target”, “potential”, “continue” or the negative of these terms or terminology of a similar nature as they relate to the Corporation, an affiliate of the Corporation or the combined firm following the acquisition of Calibre, are intended to identify forward-looking statements.
Forward-looking statements in this press release include without limitation, that information and statements related to the acquisition of Calibre, the attractiveness of the acquisition of Calibre; the strength, complementarity and compatibility of Calibre’s business with WSP’s existing business and teams; other anticipated benefits of the acquisition of Calibre; WSP’s leadership position in its markets; statements relating to the Corporation’s future growth, results of operations, performance business, prospects and opportunities and other statements that are not historical facts. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements since no assurance can be given that they will prove to be 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, including risks and uncertainties relating to WSP’s inability to successfully integrate the Calibre business; the potential failure to realize anticipated benefits from the acquisition of Calibre; WSP’s reliance upon the information provided by Calibre in connection with the transaction; potential undisclosed costs or liabilities associated with the acquisition of Calibre and other factors discussed or referred to in the “Risk Factors” section of WSP’s Management’s Discussion and Analysis for the year ended December 31, 2022 (the “MD&A”), which is available under WSP’s profile on SEDAR at www.sedar.com. The foregoing list is not exhaustive and other unknown or unpredictable factors could also have a material adverse effect on the performance or results of WSP.
Forward-looking statements made by the Corporation are based on a number of assumptions believed by the Corporation to be reasonable as at the date of this news release or MD&As, as applicable, including assumptions about WSP’s ability to achieve synergies and maintain market position arising from successful integration plans relating to the acquisition of Calibre; WSP’s ability to attract and retain key employees in connection with the Calibre acquisition; management’s estimates and expectations in relation to future economic and business conditions; the accuracy and completeness of disclosure by Calibre; and other factors discussed or referred to in the “Risk Factors” section of WSP’s MD&A, which is available under WSP’s profile on SEDAR at www.sedar.com. If any of these assumptions prove to be inaccurate, the Corporation’s actual results could differ materially from those expressed or implied in forward-looking statements.
WSP’s forward-looking statements are expressly qualified in their entirety by this cautionary statement. For additional information on this 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, reference is made to the MD&A, 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 except as required under applicable securities laws, WSP does not undertake to update or revise these forward-looking statements, whether written or verbal, that may be made from time to time by itself or on its behalf, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified by these cautionary statements.
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WSP Global Inc.