pcj News Briefs – WSP Global Inc. (TSX: WSP) has acquired ISS Proko Oy and its wholly owned subsidiary ISS Suunnittelupalvelut Oy from ISS Palvelut Oy, a wholly-owned subsidiary of ISS A/S (ISS:Copenhagen), one of the world’s leading facility services companies. Financial terms were not disclosed.
Helsinki, Finland based ISS Proko has 12 offices in Finland and an established position in selected building consulting subsegments, such as construction management, supervision, appraisals and inspections. The company has 135 employees.
ISS A/S divested ISS Greece in December 2017, part of ISS’ strategy to focus on markets that have significant demand for Integrated Facility Services (IFS) and a presence of international key customers.
photo credit: ISS Proko
News Release
WSP ACQUIRES ISS PROKO AND EXPANDS ITS PROJECT AND CONSTRUCTION MANAGEMENT EXPERTISE IN FINLAND
Montreal (Quebec) – January 4, 2018 – WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) is pleased to announce that it has acquired ISS Proko Oy and its wholly owned subsidiary ISS Suunnittelupalvelut Oy (collectively (“ISS Proko”) from ISS Palvelut Oy, a wholly-owned subsidiary of ISS A/S (ISS:Copenhagen), one of the world’s leading facility services companies. Based in Finland, ISS Proko, which has 135 employees, has an expertise in construction and project management, supervision, appraisals and inspection.
The ISS Proko acquisition, which was financed using WSP’s available cash and credit facilities, is aligned with WSP’s 2015-2018 Strategic Plan. It will bolster WSP’s presence in Finland by increasing its expertise in the building sector and expanding its national footprint and it will offer the Corporation a unique opportunity to become a top 3 player in specific segments of the Finnish building sector.
“The addition of ISS Proko to the WSP team strengthens our market share in the building sectors, while expanding our engineering and consulting services across the country”, noted Kirsi Hautala, Managing Director of WSP in Finland. “We look forward to welcoming all our new colleagues to WSP”.
Harri Väänänen, ISS Proko’s Chief Executive Officer commented, “Becoming a member of WSP is great news for ISS Proko and we look forward to strengthening our service offerings in the building sector, while continuing to provide the highest levels of service to our clients. Being associated with a team whose operating model and culture are aligned with our own will provide significant opportunities for both clients and employees”.
ABOUT ISS PROKO
ISS Proko is a subsidiary of ISS Palvelut Oy, a wholly-owned subsidiary of ISS A/S, one of the world’s leading facility services companies. Headquartered in Helsinki, ISS Proko has 12 offices in Finland and an established position in selected building consulting subsegments, such as construction management, supervision, appraisals and inspections.
ABOUT WSP
As one of the world’s leading professional services firms, WSP provides technical expertise and strategic advice to clients in the Property & Buildings, Transportation & Infrastructure, Environment, Industry, Resources (including Mining and Oil & Gas) and Power & Energy sectors. We also offer highly specialized services in project delivery and strategic consulting. Our experts include engineers, advisors, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. With approximately 42,000 talented people in more than 500 offices across 40 countries, we are uniquely positioned to deliver successful and sustainable projects, wherever our clients need us. www.wsp.com
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Isabelle Adjahi
Senior Vice President, Investor Relations and Communications
WSP Global Inc.
Tel: (438) 843-7548
isabelle.adjahi@wsp.com