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WSP Completes Acquisition of Capita’s Real Estate and Infrastructure Consultancy Businesses

WSP Completes Acquisition of Capita’s Real Estate and Infrastructure Consultancy Businesses
26 September 2022
 

After announcing the deal in August 2022, WSP has completed the acquisition of GL Hearn Ltd and Capita REI from Capita Plc.

This will add around 1,000 UK-based employees to WSP’s workforce, expanding its strategic advisory offering. The senior management teams of REI and GLH will also remain.

Capita expects to receive proceeds of close to £69 million for the sale.

 

John Wood Group Acquisition

 

“I would like to extend a warm welcome to our 1,000 new experts from Capita REI and GL Hearn who will add influence through their solid track record and bolster our workforce in the UK,” said Alexandre L’Heureux, President and Chief Executive Officer of WSP.

“Through the acquisitions of Capita REI, GL Hearn and the recently announced Wood’s Environment & Infrastructure closing, WSP will enhance its scale, strengthen its value proposition, and accelerate its growth potential in the UK.”

WSP completed its acquisition of the environment and infrastructure arm of John Wood Group on 21 September 2022, adding over 6,000 staff members to its business.

Mark Naysmith, Chief Executive Officer of WSP UK & EMEA added: “We are delighted to welcome our new colleagues from Capita REI and GL Hearn as the matching capabilities and cultures will boost WSP’s expertise in our core markets. This acquisition aligns perfectly with our strategic ambitions in these markets and will support the diversification of our Strategic Advisory offering into adjacent markets.”

Picture: a photograph of two people, one signing a piece of paper with a pen. Image Credit: Pexels

Article written by Ella Tansley | Published 26 September 2022

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