WSP Acquires Power Engineers to Accelerate Energy Transition
Montreal-based engineering giant WSP is expanding its footprint in the power and energy sector through a $1.78 billion acquisition of Idaho-based Power Engineers. The deal, expected to close in late 2024, will bolster WSP's capabilities in environmental consulting and serving major power utilities across North America.
Power Engineers, with its 4,000 employees and 50 offices, aligns with WSP's strategic focus on transportation, property, and environmental services. The acquisition is part of WSP's ongoing growth strategy, which has seen several other acquisitions this year in the rail, engineering, and public affairs sectors.
By combining WSP's global reach with Power Engineers’ deep industry expertise, the merged entity aims to become a leading player in the energy transition. This strategic move positions WSP to capitalize on the growing demand for clean energy solutions and infrastructure.
How will this acquisition reshape the competitive landscape in the power and energy engineering sector?
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