WSP Global Inc. (TSX: WSP) has acquired Bogotá, Colombia based Consultoría Colombiana S.A. (ConCol), a 1,000-employee professional services firm.
Financial terms were not disclosed.
Founded in 1971 and with offices in Peru, Chile, Panama and Mexico, ConCol is a multidisciplinary pure play consulting firm, which has a recognized expertise in power, transport, oil & gas, environment, as well as in project management.
“The acquisition of ConCol, which was financed using our available cash and credit facilities, will further strengthen our presence in Latin America, especially in power transmission, a ConCol core market. We now have approximately 2,500 employees in this region, which integration will now be led by Paul Dollin, our Chief Operating Officer”, said Alexandre L’Heureux, President and Chief Executive Officer of WSP. “As positive economic data continues to emerge from the Latin American economy, we are confident this transaction will support our plan to be a top tier player in each geography and sector where we operate. We look forward to welcoming all our new employees in Latin America to WSP.”
“I have had the opportunity to meet with many WSP professionals from around the world and I am truly excited by the opportunity for our team to become a member of the WSP family. As a global firm with a recognized technical expertise and expanded global network, WSP is the perfect partner for us to pursue our growth. This transaction will translate into tremendous opportunities for both clients and employees, in all Latin America,” said Andrés Manrique Manrique, Chief Executive Officer of ConCol.
photo credit: Consultoría Colombiana