WSP Global's acquisition hunt isn't over after ‘consolidation’ phase: CEO

Since mid-March, the engineering firm has bought four consulting outfits in four countries — Canada, Finland, Spain and the United States — adding more than 800 employees to its roster.

The Montreal-based company's headcount sat at 67,200 as of March 31, actually down by 100 from a year earlier despite the buying spree as WSP tries to “deliver more with less,” said CEO Alexandre L’Heureux. The number has since surpassed 2023 levels, however. “All of the ingredients are now in place for us to continue to grow inorganically and organically,” L’Heureux said on a conference call with analysts Thursday.

Since 2012, the Montreal-based company then known as Genivar has ballooned from a boutique engineering firm with 15,000 workers to an engineering giant with a presence in about 60 countries.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSP Global's acquisition hunt isn't over after 'consolidation' phase: CEOWSP Global expects to continue an acquisition spree this year after snapping up several more companies in the first three months of the year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

WSP Global says acquisition hunt isn't over after ‘consolidation’ phaseMONTREAL — WSP Global says acquisitions will remain a key part of its expansion strategy, even after snapping up four companies so far this year. The...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

WSP Global earnings rise to $126.8 million in first quarter, revenues also upWSP Global Inc. says it earned $126.8 million in the first quarter, up from $112.5 million a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

WSP Global earnings rise to $126.8 million in first quarter, revenues also upMONTREAL — WSP Global Inc. says it earned $126.8 million in the first quarter, up from $112.5 million a year earlier. The Montreal-based engineering company ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Macquarie CEO Says Global Footprint to Buoy Commodities BusinessMacquarie Group Ltd. can grow its highly profitable commodities trading business beyond the US and further into Asia and Europe even without the price shocks that propelled record earnings just a year ago, Chief Executive Officer Shemara Wikramanayake said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »