The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

WSP Global Inc And AECOM Deal Moving Ahead

WSP Global Inc and AECOM Deal
09 March 2020 | Updated 10 August 2020
 

WSP Global Inc. is moving ahead with its acquisition of rival engineering services firm AECOM, as reported by Bloomberg.

Neither company has yet made any comment about the potential takeover.

In January 2020, Bloomberg reported that LA-based AECOM had been approached by WSP regarding a deal, but no official comments have been released.

Bloomberg’s sources claim that “a deal could be announced as soon as next week”.

Update: AECOM is cutting up to 500 jobs in the UK and Ireland.

 

WSP Global Inc.

 

WSP Global Inc. is a Canadian business providing management and consultancy services to the built and natural environment. It is listed on the Toronto Stock Exchange and they employ around 48,000 people.

WSP has been growing recently with other high profile acquisitions. WSP announced their purchase of real estate consultancy Elton Consulting Group in November 2019. In December 2019, WSP confirmed their acquisition of environmental consulting firm Ecology and Environment Inc.in a $65 million deal

 

AECOM

 

AECOM is a multinational engineering firm with approximately 87,000 employees, and is number 157 on the 2019 Fortune 500 list.

According to investment magazine TheStreet, in October 2019, AECOM agreed to sell its management services unit to a group of private-equity firms for $2.4 billion.

Bloomberg reported that shares of AECOM rose 7.7% to $51.33 at 10:14 a.m. in New York trading on Wednesday 4 March, giving the company a market capitalisation of about $8.1 billion.

Picture: WSP Global Inc Rumoured to Acquire AECOM

Article written by Ella Tansley | Published 09 March 2020

Share



Related Articles

MGS Enrols First Automatic Door Engineer Apprentices

MGS has appointed two apprentices through the new Apprenticeship Standard “Powered Pedestrian Door Installer and Servicer.”  MGS, a UK-based aluminium...

 Read Full Article
Building Resilience Through the Pandemic Through FM

What role has facilities and engineering services played in building and maintaining business resilience?  Yash Kapila, Managing Director of Integral, a JLL owned...

 Read Full Article
Engineering Services Join Forces for Change in Built Environment 

Eight organisations in the built environment sector are forming an alliance to champion sustainable change in the industry. The new alliance brings together the...

 Read Full Article
Young Engineers Awards Shortlist Announced for 2020

Seventeen engineers and six companies have been shortlisted for the Young Engineers Awards 2020. The awards include: Graduate of the Year, Employer of the Year and...

 Read Full Article
AECOM Announces Job Losses

As the CEO steps down, AECOM is also cutting up to 500 jobs in the UK and Ireland. It was widely reported in early August that the multinational engineering firm was...

 Read Full Article
CIBSE Guide Recognises Engineers’ Role in Sustainability Outcomes

An updated guide on sustainability, published by CIBSE, puts engineers at the heart of building better performing, sustainable buildings. The guide is intended to...

 Read Full Article
CIBSE 2020 Awards Highlight Regeneration

A new focus on renovation and renewal emerged at CIBSE’s Building Performance Awards held on Wednesday 12 February. Building performance achievements in existing...

 Read Full Article
Airline Company Guilty For Lift Shaft Plunge Horror

Flybe, the airline company, was sentenced on 4 February 2020 for the unsafe operation of a passenger lift. Meanwhile, a number of other firms have found themselves...

 Read Full Article
Building Performance Awards - Who's On The List?

Who is on the shortlist for the Chartered Institution of Building Services Engineers Building Performance Awards 2020? We've got the answer The Graphene...

 Read Full Article
Lack of Training Hurts Engineering Relationships

Just 39% of professionals working within the Heating, Ventilation, Air Conditioning and Refrigeration (HVACR) sector believe they have the opportunity to develop...

 Read Full Article