WSP to acquire UK-based environmental consultancy RPS
WSP has reached an agreement with the board of RPS Group to buy the sustainability-focused global consulting firm for £591M.
Canadian engineering consulting firm WSP Global said the acquisition would increase its services in advisory, planning and programme management, particularly for its growing renewable energy client base. The firm expects this to expand its role in supporting the energy transition.
RPS employs 5,000 people globally and generates approximately £560M in revenue.
Founded in 1970, RPS is a diversified global professional services firm that operates across a range of sectors. It provides specialist services to both government and private sector clients with a focus on front-end consulting.
In 2021, RPS was recognised as one of the first “carbon champions” by the Institution of Civil Engineers.
WSP president and CEO Alexandre L’Heureux said: “RPS is a perfect fit as it adds depth to our current platform and is highly complementary, in terms of geographies and sectors, to our recently announced agreement to acquire the environmental and infrastructure business of the John Wood Group.
“When completed, our recently announced transactions will bring our workforce to approximately 70,000, with approximately 23,000 environmental experts across the globe. We are proud that we are building a strong ESG leader with significant capabilities in water and energy and contributing significantly towards the transition to a greener and low-carbon world.”
The acquisition is expected to be completed by the end of the fourth quarter of 2022.