Global design and professional services giant WSP Global Inc. has secured a $1.8-billion deal to purchase the environment and infrastructure consulting business of Wood Group, enabling it to add 5,500 employees for a workforce total of about 20,000 and $830 million in revenue for its earth and environmental practice, the Montreal-based firm said.
The purchase value of the transaction, which is set to close in the fourth quarter, represents around 14.6 times the earnings before interest, taxes, depreciation and amortization (EBITDA) of Wood’s environment and infrastructure (E&I) business, WSP Global said in its June 1 announcement.
WSP全球总监André-Martin Bouchard表示，作为该公司先前宣称的雄心勃勃的战略计划，以迅速促进其环境服务，该交易已检查了许多盒子，使该公司将自己定位为清洁能源过渡的领导者。＆ 环境。
The firm says it aims for its earth and environment practice to account for one-third of its global annual net revenue by 2024, and the deal more than doubles the firm’s presence in the U.S., increasing its access to federal, state and local government entities as they receive project funding from the new US Infrastructure Investment and Jobs Act.
WSP Global排名最新的ENR 225名国际设计公司名单，其Amer新利luckican Arm WSP USA排名第7位，排名第7位。木材在ENR 2022前500家设计公司列表中新利luck排名第六。
2020年12月，WSP以约11.4亿美元的价格收购了大型员工拥有的环境和地球专家Golder。Bouchard解释说，与该购买的类似，伍德的E＆I业务“将非常适合我们现有的平台”，这增加了公司在水领域的能力，现在全球范围约为6.5亿美元的年收入。
WSP Global在2021 ERN ENR前200名环境公司列表中也排名第8，但其新利luck上市不包括Golder的收入。木材在该名单上排名第16。
对于英国的木头,交易之际,the company needs more financial flexibility to remove debt liabilities and refocus its strategy on becoming a leader in energy security and sustainability. The transaction will “deliver significant value for our shareholders” and enable the company to “move onto our next strategic phase with the financial flexibility” said Wood CEO Robin Watson., who announced he would be stepping down.
根据一位对收购知识的行业高管的说法，至少两家私募股权公司也是决赛者。他说，其他行业公司的竞争者已经从竞标中撤出或被淘汰。
尽管高管表示这两家公司的客户并没有“显着重叠”，但他认为各自在北美的业务有些重叠。
伍德说，它的重点是五个关键领域：能源安全，碳强度降低，工业脱碳，能源过渡和低碳能量。
Navia Sharma, the company’s vice president of marketing and communications, says discussions began last year on how to “best unlock value” from Wood’s E&I arm that the company believes “was not being recognized in its market capitalization.”
In 2017, Wood acquired rival Amec Foster Wheeler, also UK based, for around $2.7 billion. AMEC had previously acquired Foster Wheeler in $3.2-billion deal.
Joe Sczurko, executive president of the E&I consulting business, noted "WSP’s growth story, excellent capabilities, focus on clients and the future aspirations for its business." His future title in the combined company was not disclosed.
