Home Property news Tetra Tech trumps WSP bid for an RPS Group

Tetra Tech trumps WSP bid for an RPS Group

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WSP, based in Montreal, Canada, has recently been on an acquisition binge. Last week, the company revealed that it had successfully acquired the John Wood Group’s environment and infrastructure business through a sale and purchase agreement for $1.8 billion.

As part of its 2022–2024 strategic strategy, WSP is expanding its work on climate change. The company is acquiring several enterprises to help satisfy the high demand for these services. What the business will do regarding RPS Group further forward is unclear.

“The corporation is considering its options in regard to the aforementioned,” reads a WSP news statement. “WSP will issue a future announcement in due course.”

Tetra Tech, which tops the Engineering News list Record for water and environmental management in 2022, is enthused about increasing its work in that field.

Tetra Tech Chairman and CEO Dan Batrack stated in a press release that “The RPS Group promotes our long-term goal to expand our position as the top worldwide high-end consulting and engineering firm focusing on water, environment, sustainable infrastructure, and energy transformation.”

According to the Tetra Tech announcement, shareholders of RPS Group will get information on the proposed acquisition within 28 days. By the end of the year, the transaction is anticipated to be finished.

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