WSP Acquires LGT and Strengthens Its Building Services Offering in Quebec
03 Mai 2023 - 2:00PM
WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) is pleased
to announce the acquisition of LGT Inc. (“
lgt”), a
Quebec-based building engineering firm.
lgt
provides advisory services in the areas of mechanical engineering,
electricity, sustainable development, structural, and civil
engineering. It is also recognized for its cutting-edge expertise
involving data centres and critical infrastructure.
By welcoming lgt, WSP is
positioning itself as an essential player in the building
engineering consulting field in Quebec, as well as in the highly
strategic data centre industry. lgt has over 150
employees at offices in Quebec City, Laval, Rimouski, and
Sept-Iles.
“WSP is pleased to welcome
lgt’s solid team. Together, we have an opportunity
to ramp up our presence in Quebec’s building market. We also intend
to pool our expertise in the data centre sector while strengthening
our capacities in this growing market across Canada,” said
Alexandre L’Heureux, President and CEO of WSP Global.
“The acquisition of lgt ties in
perfectly with our Canadian strategy and building sector approach.
It will also strengthen our service offer, particularly in the
education, cultural building, and data centre sectors. We are
delighted to bring the benefits of our complementary expertise to
our clients in Quebec and across Canada,” added Marie-Claude Dumas,
President, and CEO of WSP Canada.
“We are excited by this new adventure. We know
our team’s potential, so we are convinced that joining WSP will
enable us to fast-track our shared goal of becoming the leader in
Quebec’s building engineering sector. Our ambitious entrepreneurial
culture and our dynamic workforce will be undeniable assets for the
WSP family,” said Moïse Gagné, President of
lgt.
ABOUT LGTFounded in 1998,
lgt provides advisory services in the areas of
mechanical, electrical, structural, and civil engineering, as well
as sustainable development. It is well-established as a key player
in Quebec’s consulting engineering sector. Its consulting services
exceed expectations thanks to the expertise of its professional
staff and its core values of collaboration, integrity, creativity,
and agility.ABOUT WSPAs 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).
FORWARD-LOOKING STATEMENTSThis
press release contains information or statements that are or may be
“forward-looking statements” within the meaning of applicable
Canadian securities legislation. Forward-looking statements may
include estimates, plans, strategic ambitions, objectives,
expectations, opinions, forecasts, projections, guidance, or other
statements that are not historical facts. Forward-looking
statements in this press release include without limitation,
information and statements relating to lgt; the expected benefits
of lgt’s acquisition; WSP’s leadership position in its markets; and
statements relating to the Company’s future growth, business
performance, prospects, and opportunities. These forward-looking
statements are based on a number of assumptions believed by the
Company to be reasonable as of the date of this press release,
including assumptions on WSP’s ability to achieve synergies and
maintain its market position as a result of successfully
integrating lgt; WSP’s ability to attract and retain key lgt
employees; management’s estimates and expectations concerning
future economic and business conditions; the accuracy and
completeness of the information disclosed by lgt. 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 risk factors,
which, if realized, could cause the Company's actual results to
differ materially from those expressed or implied in
forward-looking statements, are discussed in greater detail in
section 20, “Risk factors” of WSP's MD&A for the quarter and
year ended December 31, 2022, 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, accordingly, are
subject to change after such date. Except to the extent required by
applicable law, WSP does not assume any obligation to publicly
update or revise any forward-looking statements made in this press
release or otherwise, whether because of new information, future
events or otherwise.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Alain MichaudChief Financial
OfficerWSP Global Inc.alain.michaud@wsp.coxm Phone: (438)
843-7317
WSP Global (TSX:WSP)
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