WSP Global has announced positive financial and operating results for the first quarter ending 28 March 2015.
Revenues and net revenues of £2198.12m and £1604.79m, up 174.6% and 132.6% respectively, were mainly as a result of business acquisitions.
On 24 March the firm announced that it had entered into an agreement with the Multiconsult Foundation.
Following this announcement, it has agreed to sell all of its shares in Multiconsult AS, representing 24.73% of the issued and outstanding shares of Multiconsult, to the Multiconsult Foundation.
On 1 April, WSP acquired SPL Consultants, a multidisciplinary consulting professional services firm based in Ontario, Canada, that provides a diverse range of specialised engineering solutions in environment, geotechnical and buildings science.
This acquisition will add 250 employees to WSP’s workforce and will position it as one of the leading environmental professional services firm in Canada.
The integration of Parsons Brinckerhoff, acquired in 2014, is also progressing as planned.
Organisational structures have been put in place across all operating business segments and WSP says it is on schedule to deliver on previously announced annual collaborations of £39.15m, of which half are expected to be realised by the end of 2015.
You might also like...
Graham Wright to assume Heat Pump Association presidency
Mike Nankivell has announced he will be stepping down as the current president of the industry body at the end of the year
Clean Air Strategy gets mixed reception from HVAC sector
Welcome for IAQ-focused measures, but calls for more ambiton to transform domestic emissions strategy
HETAS awarded Clean Air Act Act technical support contract
Industry body will work with Defra to assess the suitability of fuels and appliances for domestic burning to meet changing regulatory standards concerning particulate emissions
UK Green Building Council unveils 2019 Future Leaders intake
22 participants from the public and private sector working in the built environment will be involved in this year’s programme, which looks to build up industry expertise to tackle climate change concerns
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.