PE-backed WSP Global to buy Sweett Group for $46.1 mln

WSP Global Inc (TSX: WSP) has agreed to acquire Sweett Group plc, a London, U.K.-based provider of professional services for the construction and management of building and infrastructure projects. Under the deal's terms, WSP will pay Sweett shareholders 67 cents per share, valuing the company's entire issued share capital at about $46.1 million. Montréal-based WSP said the acquisition, one of several closed in recent years, enhances its project and cost management services. WSP is backed by Canada Pension Plan Investment Board and the Caisse de dépôt et placement du Québec.

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