Canada’s WSP Global Inc. has approached rival engineering services firm Aecom about a possible deal, according to people familiar with the matter. [...]
Aecom shares opened up 4% Tuesday, valuing the company at about $7.7 billion. WSP fell 0.4% to C$93.22 apiece in Toronto, giving the company a market value of about C$9.9 billion ($7.6 billion).
— Bloomberg
"Meanwhile, WSP's acquisitions of U.S.-based construction and engineering firms go back several years," reported Construction Dive, detailing the Canadian company's strategic shopping spree that included notable acquisitions of companies like Berger Group Holdings Inc., Parsons Brinckerhoff, and Ecology and Environment Inc.
A deal with Los Angeles-based industry heavyweight AECOM would grant WSP further access to the U.S. market and result in significant cost savings, according to Bloomberg.
1 Comment
Good thing we have a robust group of folks in the federal US gov't interested in policing potential monopolies.
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