PE-backed WSP Global buys Dessau's Colombian engineering division
WSP Global Inc (TSX: WSP) has bought Dessau CEI SAS, the Colombian engineering subsidiary of Dessau International Inc. The acquisition's value was not disclosed. WSP, a Canadian professional services business, said the deal supports its South American growth strategy and enhances its expertise in the transportation and energy sectors. Based in Montréal, WSP is backed by Canada Pension Plan Investment Board (CPPIB) and the Caisse de depot et placement du Quebec. Following its October purchase of Parsons Brinckerhoff, CPPIB and the Caisse owned around 17.3 percent and 17.5 percent, respectively, of the company's common shares.
12 December 2014•4 mins read
