WSP Global Inc.
TSX : WSP

WSP Global Inc.

June 10, 2015 16:00 ET

WSP Holds Analyst and Investor Day in New York City

MONTREAL, QUEBEC--(Marketwired - June 10, 2015) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") - In conjunction with WSP's 2015 Analyst and Investor Day being held today in New York City, members of the Corporation's U.S. management team provided an overview of the U.S. business segments, as well as the growth strategy for the U.S., which now represents one of the Corporation's largest geographical regions.

Commenting on the event, Greg Kelly, WSP / Parsons Brinckerhoff's President and CEO for the U.S., Central and South America said: "We see strong long-term growth opportunities across a diverse set of markets, thanks to the high-quality expertise we provide our clients. Going forward, we will concentrate on integrating our U.S. operations and generating revenue synergies, in addition to focusing on operational and technical excellence, employees and clients. This should translate into sustained organic growth," he added.

A replay of the event, including presentation materials, is available on the Corporation's website at www.wspgroup.com (Investor section).

During the event, the Corporation announced the award of two major contracts in the Infrastructure sector:

  • As the California high-speed rail program transitions from planning to delivery, the California High-Speed Rail Authority's Board of Directors recently approved a Rail Delivery Partner ("RDP") contract that takes a new and expanded approach to the United States' first high-speed rail program. This new partnership - led by Parsons Brinckerhoff, Inc., recognizes a shift in the program from planning to construction and draws on a seasoned team of international experts with experience delivering high-speed rail systems from around the world. The RDP contract, which will run through 2022, has an estimated total value of up to US$700 million.

  • The Port Authority's Board of Commissioners recently voted unanimously to begin the first phase of a new vision involving a comprehensive redevelopment of LaGuardia Airport. LaGuardia Gateway Partners was selected to develop a US$3.6 billion world-class facility to serve approximately 50% of the airport's passenger volume. LaGuardia Gateway Partners is comprised of Vantage Airport Group, Skanska and Meridiam for the development and equity investment; Skanska and Walsh Construction for the construction joint venture; HOK and Parsons Brinckerhoff for the design joint venture; and Vantage Airport Group for management of the operations. LaGuardia Gateway Partners' members have an extensive track record in airport development, operations, construction and financing, with a proven ability to deliver complex projects on time and on budget. The consortium has strong ties to award-winning Vancouver International Airport, as well as to the New York and New Jersey communities.

ABOUT WSP

WSP, through its acquisition of Parsons Brinckerhoff, is one of the world's leading professional services firms in its industry, 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 31,000 employees, including engineers, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals, based in more than 500 offices, across 39 countries, on 5 continents.

Forward-looking statements

Certain information regarding WSP contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect WSP's actual or projected results are included in the Management Discussion and Analysis for the fourth quarter and year ended December 31, 2014, which are available on SEDAR at www.sedar.com. The forward-looking statements contained in this press release are made as of the date hereof and WSP does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws.

Contact Information

  • Isabelle Adjahi
    Vice President, Investor Relations
    and Corporate Communications
    WSP Global Inc.
    (514) 340-0046, ext. 5648
    isabelle.adjahi@wspgroup.com