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

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MONTREAL — WSP Global expects to continue an acquisition spree this year after snapping up several more companies in the first three months of the year.

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.

 

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