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WSP completes acquisition of Power Engineers, Inc. to strengthen P&E capabilities

Oct 01, 2024•about 1 year ago

Acquiring Company

WSP Global

Acquired Company

Power Engineers

MontrealHaileyProfessional ServicesConsulting

Description

WSP Global Inc., a leading global professional services firm, proudly announces the completion of its acquisition of Power Engineers, Incorporated. This strategic move expands WSP's capabilities in the Power & Energy sector and aims to create the preeminent pure-play global consulting firm for the world's energy transition.

Company Information

Company

WSP Global

Location

Montreal, Quebec, Canada

About

WSP Global Inc. is one of the largest professional services firms in the world, providing strategic advisory, engineering, and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. With 66,500 trusted professionals, WSP is committed to creating positive, long-lasting impacts on the communities it serves through innovation, integrity, and inclusion.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed