WSP Announces the Closing of the TPS Acquisition
30 Avril 2014 - 11:00PM
Marketwired
WSP Announces the Closing of the TPS Acquisition
MONTREAL, QUEBEC--(Marketwired - Apr 30, 2014) - WSP Global Inc.
(TSX:WSP) ("WSP" or the "Corporation") is pleased to announce that
it has completed its previously announced acquisition of Technip
TPS S.A.S. ("TPS"), the French subsidiary of Technip S.A.
("Technip"). Based in France, TPS specializes in building and
infrastructure engineering. The firm, which generated revenues of
EUR20 million in revenues (approximately CDN$30 million) in 2013,
has 100 employees. They will join the 50-employees team WSP already
has in France, which is active in the infrastructure, hydraulics,
environmental and building segments.
All customary closing conditions, including applicable
regulatory approvals, were met.
ABOUT TPS
Founded in 1989, TPS was created by Technip, a European
engineering leader, in order to provide its clients with
high-quality engineering services in the building and
infrastructure sector. Headquartered in Paris and with offices in
Lyons, Toulouse and Abu Dhabi, TPS has the skills needed to design
and deliver excellence in both the public and private sectors. It
has overseen major projects such as the Bibliothèque de France,
Renault's Technocentre and Airbus's A380 assembly plant.
ABOUT WSP
WSP is one of the world's leading professional services firms,
working with governments, businesses, architects and planners and
providing integrated solutions across many disciplines. The firm
provides services to transform the built environment and restore
the natural environment, and its expertise ranges from
environmental remediation to urban planning, from engineering
iconic buildings to designing sustainable transport networks, and
from developing the energy sources of the future to enabling new
ways of extracting essential resources. It has approximately 17,000
employees, mainly engineers, technicians, scientists, architects,
planners, surveyors, other design professionals, as well as various
environmental experts, based in more than 300 offices, across 30
countries, on 5 continents. www.wspgroup.com
WSPPierre ShoiryPresident and CEOWSP Global Inc.(514) 340-0046,
ext. 5104pierre.shoiry@wspgroup.comIsabelle AdjahiDirector,
Communications and Investor RelationsWSP Global Inc.(514) 340-0046,
ext. 5648isabelle.adjahi@wspgroup.comDaniel ReyManaging DirectorWSP
France S.A.S.(33) 4 80 70 04 25daniel.rey@wspgroup.comTPSEric
FalleurPresidentTechnip TPS(33) 14408-5400tps@techniptps.com
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