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LONDON - WSP has completed its acquisition of Ricardo, a global strategic, environmental, and engineering consultancy, according to a press release statement issued Thursday.
The transaction, which was first announced on June 11, 2025, received shareholder approval and was sanctioned at a UK court hearing on October 7 before becoming effective on October 9.
Ricardo, which brings approximately 2,600 employees across more than 20 countries, will enhance WSP’s capabilities in several areas including air quality, water management, energy resilience, policy strategy, and rail services.
"Today marks a significant milestone for Ricardo as we proudly join WSP," said Graham Ritchie, CEO of Ricardo. "This acquisition accelerates our ability to deliver a broader, more impactful offering to our clients."
The combination aligns with WSP’s strategic action plan for 2025-2027, which focuses on enhancing the company’s capabilities in high-growth sectors and markets.
Alexandre L’Heureux, President and CEO of WSP, stated that the integration will now focus on building on combined strengths to drive innovation and deliver added value to clients navigating complex transitions.
Gleacher Shacklock served as financial adviser to Ricardo for the transaction, with Investec plc acting as broker and Ashurst LLP providing legal counsel.
WSP, headquartered in Canada and listed on the Toronto Stock Exchange (TSX:WSP), operates in over 50 countries with approximately 75,000 employees prior to this acquisition.
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