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...
Deal reached over building services contractor salary increases
Latest set of talks between Unite and BESA reach an agreement on gradual increases in pay over next two years with future discussions set to look at skills issues
BSRIA urges revamped laws/incentives for carbon neutral built environment aims
Organisation joins a range of bodies to welcome “dramatic” IPCC warnings over climate change fears, but notes scepticism over current UK commitments to reshape energy policy for heating
Latest Building Engineering Business Survey suggests optimistic Q3
Majority of respondents surveyed report steady or improved turnover during second quarter of 2018, although challenges linked to Carillion’s collapse and Brexit uncertainty persist
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
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.