WSP Global on the hunt for big companies as acquisitions climb the to-do list

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WSP Global has worked to shore up operations and snap up smaller companies over the past 18 months, says CEO Alexandre L’Heureux

is eyeing larger acquisitions once again after working to shore up operations and snap up smaller companies over the past 18 months, says CEO Alexandre L’Heureux.Following a spate of takeovers, the engineering company worked to scrap digital barriers between offices scattered across some 60 countries.

But the latest acquisitions were small compared with some earlier purchases – the U.K.-based John Wood Group’s environment and infrastructure business for US$1.81 billion in 2022, for example – leaving the Montreal-based company ready for bigger fare amid a 22-per-cent year-over-year boost in profit last quarter to $184.1 million.

He sees opportunities for growth in continental Europe, Australia and the United States – where the outcome of a presidential election later this year will have little bearing on WSP’s prospects, he said. “Whether it’s a Republican president or a Democrat president, we feel that WSP is very well positioned to take advantage of what will take place over the next few years.”

 

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