WSP to buy Schlumberger’s industrial water business

WSP to buy Schlumberger’s industrial water business

WSP Global Inc. has entered into an agreement to buy the industrial water consultancy business of Schlumberger, a global oilfield services company.

 

It is anticipated that the acquisition of the 250-employee business will enable WSP to bolster their offerings by providing water consulting services to industrial clients worldwide, as well as establishing a foothold for WSP in Chile and Peru. It will also enhance the company’s presence in a number of countries they currently operate in, including the Unites States, the United Kingdom, Colombia and Mexico.

 

Incoming President and Chief Executive Officer of WSP, Alexandre L'Heureux, commented: “The industrial water consultancy team will bring WSP an increased presence in the attractive global water market, more specifically, in the supply, management, control and environmental protection of water.

 

"This transaction, which will be financed using our available cash, is aligned with our growth strategy; not only are we deepening our expertise in the industrial water sector, but we are strengthening our presence in South America, a region we are targeting in our 2015-2018 strategic plan. We look forward to welcoming all new employees from this division."

 

Adding to L’Heureux’s comments, Business Manager of Schlumberger, John McCartney, said: "We are pleased about the prospect of joining WSP as our operations are complementary, and expect to create new career opportunities for our employees and our clients.

 

"Upon closing, we anticipate playing an active role in the development and growth of WSP's multi-disciplinary group in South America and to offer a wide range of additional services to our clients around the world."

 

The transaction is expected to close in Q3 of 2016 and is subject to customary closing conditions.

Check out our Water Jobs

 

Please rate

Comments 

Name
Email
  Ctrl + Enter

Most Read

Turner & Townsend wins £23.3m Lower Thames Crossing contract

Turner & Townsend wins £23.3m Lower Thames Crossing contract

The award of the commercial partner marks the completion of the Lower Thames Crossing integrated client team, comprised of National Highways, a technical partner, and an integration partner.   The eight-year contract will see Turner & Townsend work as part of National Highways

HS2 prepares to host biggest ever ‘Meet the Contractor’ event

HS2 prepares to host biggest ever ‘Meet the Contractor’ event

Businesses from across the UK are being invited to register to attend the online meet the contractor event, and snap up the opportunity to participate in one-to-one meetings with HS2’s contractors. HS2 will be offering meetings with Tier 2 contractors, providing even more opportunities

One year on: HS2 reaches 20,000 jobs landmark

One year on: HS2 reaches 20,000 jobs landmark

Companies right across the country are now forming part of HS2’s ever-growing supply chain. Contracts have already been awarded to over 2,200 businesses, 97% of which are UK-based.   HS2’s jobs boost is also benefitting those in need, with bespoke initiatives designed to

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.