Reported 2 months ago
WSP Global Inc. has announced its acquisition of Power Engineers Inc., an Idaho-based engineering firm, for C$2.44 billion ($1.8 billion), with funding from Singapore’s sovereign wealth fund and major Canadian pension funds. WSP aims to enhance its position in the energy transition market through this transformative deal, which comes after a series of acquisitions. The transaction is expected to be immediately beneficial to WSP's earnings and expand its presence in the U.S. energy sector.
Source: YAHOO