2 Aug 2022
WSP to buy real estate and infrastructure consultancy firms from UK-based Capita for $94 million
On August 2, 2022, WSP Global Inc. has agreed to acquire UK-based Capita Real Estate and Infrastructure Ltd. (Capita REI) and GL Hearn Ltd. (GLH) from Capita plc for CA$ 94 million (GBP 60 million). The acquisition, subject to regulatory approvals, is set to close within 6 to 8 weeks. This strategic move will bring approximately 1,000 UK employees into WSP's fold, enhancing its service offerings in the UK and expanding its strategic advisory services.
Capita REI specializes in advisory, design, engineering, environmental, and project management services for various sectors, while GLH offers advice to developers and investors across sectors. Alexandre L’Heureux, WSP’s President and CEO, underscored the complementary market sector strengths and the growth potential for WSP’s UK business through this acquisition. Mark Naysmith, WSP's CEO for UK, Europe, Middle East, and Africa, highlighted the alignment with strategic ambitions to augment expertise in core markets like transport, building, and the environment, and to diversify into adjacent markets.
Dave Spencer of Capita expressed confidence that joining WSP will enhance client support and increase market share through the combined expertise, providing access to a wider range of projects and career opportunities for their teams.