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Global  
 
 

Intent to acquire MMM: Boosting our Canadian expertise and reach

We have entered into an arrangement agreement to acquire MMM Group, one of the largest privately-owned engineering consulting companies in Canada with approximately 2,000 employees.

 

Following the closing of the acquisition, we will have approximately 8,500 employees in Canada, bringing our global workforce to 34,000 employees.

With 18 offices in Canada, MMM is recognized for its expertise in transportation, infrastructure and environment, and buildings, its three main operating segments. MMM is also a leader in public-private partnerships (“P3”), more particularly in the delivery of large-scale, complex P3 projects involving transportation, highways, bridges, transit, airports and buildings.

Hugo Blasutta, Chief Executive Officer of MMM commented, “This transaction supports the realisation of both companies' strategic aims and offers MMM a strong platform for continued growth both in Canada and internationally. We believe it will provide our employees and our clients with enhanced opportunities and we expect to achieve increased prominence globally in the areas in which we excel. Having been immensely proud to lead MMM for several years, we now look forward to working with the entire WSP team to deliver value to all stakeholders.”

Upon closing of the acquisition, David Ackert will continue as President and Chief Executive Officer of WSP Canada Inc. Hugo Blasutta will join the corporate team of WSP | Parsons Brinckerhoff.  

Pierre Shoiry, President and Chief Executive Officer of WSP | Parsons Brinckerhoff, concluded: “We are delighted to welcome Hugo to our executive team and benefit from his vast knowledge, experience and success in our industry. With the addition of MMM, WSP now has an even stronger and attractive global platform of 34,000 people and we anticipate continued consolidation in our industry; we are also pleased with the support of our investors that enable us to maintain a strong balance sheet and respond quickly to opportunities that enhance our technical skills and fulfill our strategic objectives”.

WSP Global Inc. is expected to complete the acquisition for an aggregate purchase price of CAN$425 million, subject to certain closing and post-closing adjustments.

For more information, please read the media release.