WSP to Acquire Two UK Businesses from Capita for GBP 60m in Cash.
MANews-(C)2009-2022
Canada-based professional services firm WSP Global Inc. (TSX: WSP) has entered into an agreement to acquire two UK-based businesses, Capita Real Estate and Infrastructure Ltd. and GL Hearn Ltd, both owned by Capita plc (LSE: CPI), for an aggregate cash consideration of GBP 60m (USD 72.85m), the firm said.
The transaction is expected to close upon receipt of regulatory approvals and within approximately six to eight weeks.
Capita REI is a provider of specialist advisory, design, engineering, environmental and project management services for land, building and infrastructure owners, while GLH provides cross-sector advice to developers and investors.
Together, both businesses will add around 1,000 UK-based employees to WSP's workforce, reinforcing its existing...
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