MONTREAL, QUEBEC--(Marketwired - April 30, 2014) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") is pleased to announce that it has completed its previously announced acquisition of Technip TPS S.A.S. ("TPS"), the French subsidiary of Technip S.A. ("Technip"). Based in France, TPS specializes in building and infrastructure engineering. The firm, which generated revenues of EUR20 million in revenues (approximately CDN$30 million) in 2013, has 100 employees. They will join the 50-employees team WSP already has in France, which is active in the infrastructure, hydraulics, environmental and building segments.
All customary closing conditions, including applicable regulatory approvals, were met.
Founded in 1989, TPS was created by Technip, a European engineering leader, in order to provide its clients with high-quality engineering services in the building and infrastructure sector. Headquartered in Paris and with offices in Lyons, Toulouse and Abu Dhabi, TPS has the skills needed to design and deliver excellence in both the public and private sectors. It has overseen major projects such as the Bibliothèque de France, Renault's Technocentre and Airbus's A380 assembly plant.
WSP is one of the world's leading professional services firms, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines. The firm provides services to transform the built environment and restore the natural environment, and its expertise ranges from environmental remediation to urban planning, from engineering iconic buildings to designing sustainable transport networks, and from developing the energy sources of the future to enabling new ways of extracting essential resources. It has approximately 17,000 employees, mainly engineers, technicians, scientists, architects, planners, surveyors, other design professionals, as well as various environmental experts, based in more than 300 offices, across 30 countries, on 5 continents. www.wspgroup.com