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WSP Adds RPS to Recent Acquisitions

WSP Adds RPS to Recent Acquisitions
09 August 2022
 

WSP, who recently acquired two real estate and infrastructure consultancy businesses from Capita, is also intending to take over the UK-based consulting firm RPS.

The enterprise value of RPS is approximately £625 million ($975 million), and WSP announced that it would offer £2.06 per share to RPS shareholders.

RPS is a professional services PLC that employs around 5,000 people across 100 offices in 12 countries. The majority of its net revenue during the 2021 financial year was generated from its operations in the United Kingdom, Australia and the United States.

“We are pleased to announce the proposed acquisition of RPS as it will enable us to rapidly deliver on our Global Strategic Action Plan and create value for all our stakeholders,” commented Alexandre L’Heureux, President and Chief Executive Officer of WSP.

“RPS is a perfect fit as it adds depth to our current platform and is highly complementary, in terms of geographies and sectors, to our recently announced agreement to acquire the Environmental and Infrastructure (E&I) business of the John Wood Group plc.”

“When completed, our recently announced transactions will bring our workforce to approximately 70,000, with approximately 23,000 environmental experts across the globe. We are proud that we are building a strong ESG leader with significant capabilities in water and energy and contributing significantly towards the transition to a greener and low-carbon world,”  added Alexandre L’Heureux.

Subject to approvals, the acquisition is expected to be completed by the end of Q4 2023.

To read more about WSP’s acquisition of GL Hearn Ltd and Capita REI, click here.

Picture: a photograph of an RPS branded sign. Image Credit: RPS

Article written by Ella Tansley | Published 09 August 2022

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