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Parsons Brinckerhoff acquisition boosts WSP revenues by 138%

WSP’s third quarter results (June 28 2015 to September 26 2015) show revenues and net revenues increased from £979m and £733m, up 138.3% and 109.3% respectively, mainly as a result of business acquisitions.

WSP president and chief executive Pierre Shoiry said: “As we reach the milestone of one year since the Parsons Brinckerhoff acquisition we are pleased with our third-quarter results, which are consistent with our expectations and 2015 guidance.

“We continue to focus on increasing revenues stemming from our enhanced and diversified platform. This demonstrates the soundness of our growth model, which is based on expanding our global presence and deepening our technical expertise in the market segments that we serve.

“The recent acquisition of MMM is consistent with this objective and we are pleased to welcome 2,000 new colleagues to the team.”

After the Parsons Brinckerhoff acquitision, the combined entity has approximately 31,500 employees in 500 offices across 39 countries.

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