WSP to acquire Parsons Brinckerhoff

摘要

Balfour Beatty has agreed to sell professional services division Parsons Brinckerhoff to WSP Global for £820 million. The deal, which is subject to approval by shareholders and the regulatory authorities, is expected to be completed by the end of 2014. Montreal-based WSP expects the acquisition will increase its presence in the US and position the company as a player in the US transportation segment. The deal also will build on WSP's position in the UK, where Parsons Brinckerhoff has 14 offices, and provide a stronger presence in growth regions such as Asia and Australia. The transaction also will expand its capabilities in its core buildings and infrastructure segment, as well as develop the energy segment and further increase its project and programme management services offerings.