MONTREAL — WSP Global Inc. says it has bought Dutch consulting firm Lievense Holding B.V. for an undisclosed amount as it continues its global expansion plans.
Montreal-based WSP says it will pay for the acquisition, its seventh of the year, through available cash and credit facilities.
The engineering and design company says the acquisition of the 375-employee Lievense firm gives it a foothold in the Netherlands and is aligned with its global strategic plan.
The company said in early September it had bought Denmark-based Orbicon A/S, a 500-employee environmental consulting firm.
In late August it added U.S.-based Ecology and Environment Inc., a 775-employee environmental consulting firm for US$65.1 million.
The acquisition fits into its goal of rapid expansion over the next couple years. Once a boutique firm, the 60-year-old company has swelled to 49,000 employees from 17,000 in 2014, and aims to eclipse rival SNC-Lavalin Group Inc.’s 52,000 employees with 65,000 workers by 2021.
This report by The Canadian Press was first published Oct. 11, 2019.
Companies in this story: (TSX:WSP)
The Canadian Press