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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