Global company WSP signs agreement for acquisition of engineering consulting firm Ricardo
Hey there! WSP Global Inc. is all set to buy Ricardo plc in a whopping deal worth approximately $670 million. Here's the scoop!
Based in the UK, Ricardo operates across more than 20 countries. In this acquisition, WSP Global Inc. will pay a staggering 430 pence per Ricardo share.
Ricardo's business operates within two primary portfolios. The first includes air quality, water management, energy resilience, policy strategy, advisory services, and rail and mass transit business segments. The second group encompasses its automotive and industrial (A&I) and performance products (PP) business segments.
Now, here's the interesting part. WSP Global Inc. plans to conduct a strategic review of Ricardo's A&I and PP business segments. While no definitive decisions have been made, it's likely that this review may result in the sale of these operations.
This news was first reported by The Canadian Press on June 11, 2025. Companies involved in this story include (TSX:WSP).
As for the specific strategy WSP Global Inc. has planned for Ricardo's A&I and PP business segments post-acquisition, the search results don't provide any concrete details. But considering WSP's expansion goals in sectors like transportation, energy, and environment, it's safe to assume that the integration will focus on utilizing Ricardo's expertise in propulsion design and systems engineering to amplify WSP's foothold in high-growth sectors.
To gain more insights into WSP's precise plans for the A&I and PP segments, it would be advisable to check official statements or announcements from WSP or Ricardo regarding the integration strategy post-acquisition. That's all for now! Stay tuned for more updates!
- WSP Global Inc.'s acquisition of Ricardo plc, a UK-based company, is a significant move in the global industry, particularly in the transportation, energy, and environment sectors.
- The strategic review WSP Global Inc. is conducting on Ricardo's automotive and industrial (A&I) and performance products (PP) business segments may lead to the sale of these operations, potentially expanding WSP's expertise in propulsion design and systems engineering.
- Any official announcements or statements from WSP or Ricardo regarding the integration strategy post-acquisition will provide more clarity on the specific plans for the A&I and PP segments of Ricardo's business.
