WSP closes MMM acquisition with help from the Caisse, CPPIB
WSP Global Inc (TSX: WSP) has completed its previously-announced purchase of MMM Group Ltd, a Canadian engineering consulting business. The deal, valued at about $425 million, was financed in part by WSP's existing shareholders, the Canada Pension Plan Investment Board (CPPIB) and the Caisse de dépôt et placement du Québec. CPPIB and the Caisse invested a combined $144 million in deal. It was previously reported that the acquisition is intended to strengthen WSP’s presence in Canadian transportation and infrastructure sectors and enhance its expertise in public-private partnerships.
15 October 2015•4 mins read
