WSP Global completes Ricardo acquisition

Executive Summary

• WSP Global Inc. has completed its previously announced acquisition of Ricardo PLC, a global strategic and engineering consultancy.
• The transaction expands WSP’s advisory, energy‑transition, water‑solutions and rail capabilities and strengthens its presence in the United Kingdom, Australia and the Netherlands.
• Both CEOs highlighted that the combined firms will accelerate growth in high‑growth sectors and deliver broader, more impactful services to clients.

Key Details

• Acquisition Target: Ricardo PLC, listed on the London Stock Exchange; operates in >20 countries with ~2,600 employees.
• Acquirer: WSP Global Inc., listed on the Toronto Stock Exchange; operates in >50 countries with ~73,000 professionals.
• Strategic Rationale: Aligns with WSP’s 2025‑2027 global strategic action plan to accelerate growth in advisory, energy transition, water solutions and rail.
• Geographic Expansion: Enhances WSP’s market presence in the United Kingdom, Australia and the Netherlands.
• Leadership Statements:
• Alexandre L’Heureux (President & CEO, WSP) – emphasized integration, complementary capabilities, and accelerated momentum in high‑growth sectors.
• Graham Ritchie (CEO, Ricardo) – noted the partnership will enable broader offerings and new opportunities for talent.

Notable Quotes

• “We are pleased to bring Ricardo into WSP… enhances our offering and accelerates our momentum toward our strategic ambitions in high‑growth sectors and markets.” – Alexandre L’Heureux
• “Today marks a significant milestone for Ricardo as we proudly join WSP… it opens up exciting new opportunities for our talented teams.” – Graham Ritchie