WSP Completes the Acquisition of Calibre
05 Giugno 2023 - 2:00PM
WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) is pleased
to announce that it has completed the acquisition of Calibre
Professional Services One Pty Ltd (“Calibre”), in Australia. With
the addition of Calibre’s 800 professionals, WSP strengthens its
position as a leading provider of services across the full mining
asset life cycle.
WSP’s mining team now represents over 5,200
professionals globally, including 1,400 experts in Australia, and
benefits from an enhanced ability to support blue-chip mining
clients in Western Australia.
“We are eager to leverage the full potential of
our combined teams and work together to support mining clients with
strong ESG commitments,” said Alexandre L’Heureux, President and
CEO of WSP. “We have the opportunity to play a pivotal role at a
time when mining companies are making bold commitments towards
decarbonizing their operations and infrastructure, while providing
the critical minerals required for the green transition.”
“With the acquisition of Calibre, we are
significantly growing our presence in Western Australia, and in the
mining sector, while further building on our Earth and Environment
capabilities,” said Guy Templeton, WSP’s President and CEO, Asia
Pacific. “We also look forward to creating significant value for
our clients in the Pilbara Region and across the country.”
“Over the past two decades, we have focused on
building Calibre as a consultant of choice for major mining
projects. Joining WSP enables our talent to leverage the scale,
capabilities, and expertise of a global company with 67,000
professionals,” said Adrian Chapman, Executive General Manager at
Calibre.
ABOUT WSPAs one of the largest
professional services firms in the world, WSP exists to
future-proof our cities and our environment. It provides strategic
advisory, engineering and design services to clients seeking
sustainable solutions in the transportation, infrastructure,
environment, building, energy, water, and mining sectors. Its
67,000 trusted professionals are united by the common purpose of
creating positive, long-lasting impacts on the communities it
serves through a culture of innovation, integrity, and inclusion.
In 2022, WSP reported $11.9 B (CAD) in revenue. The Corporation’s
shares are listed on the Toronto Stock Exchange (TSX: WSP).
FORWARD-LOOKING STATEMENTSThis
press release contains information or statements that are or may be
“forward-looking statements” within the meaning of applicable
Canadian securities laws. When used in this press release, the
words “may”, “will”, “should”, “expect”, “plan”, “anticipate”,
“believe”, “estimate”, “predict”, “forecast”, “project”, “intend”,
“target”, “potential”, “continue” or the negative of these terms or
terminology of a similar nature as they relate to the Corporation,
an affiliate of the Corporation or the combined firm following the
acquisition of Calibre, are intended to identify forward-looking
statements.
Forward-looking statements in this press release
include without limitation, that information and statements related
to the acquisition of Calibre, the attractiveness of the
acquisition of Calibre; the strength, complementarity and
compatibility of Calibre’s business with WSP’s existing business
and teams; other anticipated benefits of the acquisition of
Calibre; WSP’s leadership position in its markets; statements
relating to the Corporation’s future growth, results of operations,
performance business, prospects and opportunities and other
statements that are not historical facts. Although the Corporation
believes that the expectations and assumptions on which such
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements since no
assurance can be given that they 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, including risks and
uncertainties relating to WSP’s inability to successfully integrate
the Calibre business; the potential failure to realize anticipated
benefits from the acquisition of Calibre; WSP’s reliance upon the
information provided by Calibre in connection with the transaction;
potential undisclosed costs or liabilities associated with the
acquisition of Calibre and other factors discussed or referred to
in the “Risk Factors” section of WSP’s Management’s Discussion and
Analysis for the year ended December 31, 2022 (the “MD&A”),
which is available under WSP’s profile on SEDAR at www.sedar.com.
The foregoing list is not exhaustive and other unknown or
unpredictable factors could also have a material adverse effect on
the performance or results of WSP.
Forward-looking statements made by the
Corporation are based on a number of assumptions believed by the
Corporation to be reasonable as at the date of this news release or
MD&As, as applicable, including assumptions about WSP’s ability
to achieve synergies and maintain market position arising from
successful integration plans relating to the acquisition of
Calibre; WSP’s ability to attract and retain key employees in
connection with the Calibre acquisition; management’s estimates and
expectations in relation to future economic and business
conditions; the accuracy and completeness of disclosure by Calibre;
and other factors discussed or referred to in the “Risk Factors”
section of WSP’s MD&A, which is available under WSP’s profile
on SEDAR at www.sedar.com. If any of these assumptions prove to be
inaccurate, the Corporation’s actual results could differ
materially from those expressed or implied in forward-looking
statements.
WSP’s forward-looking statements are expressly
qualified in their entirety by this cautionary statement. For
additional information on this 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, reference is made to the MD&A, which is
available on SEDAR at www.sedar.com. The forward-looking statements
contained in this press release are made as of the date hereof and
except as required under applicable securities laws, WSP does not
undertake to update or revise these forward-looking statements,
whether written or verbal, that may be made from time to time by
itself or on its behalf, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this press release are expressly qualified by these
cautionary statements.
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT:Alain MichaudChief Financial OfficerWSP Global
Inc.Phone: 438-843-7317 alain.michaud@wsp.com
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