WSP Global signs deal to buy engineering consulting firm Ricardo
The WSP Global Inc. logo is seen in Toronto on Sunday, Sept. 1, 2024. THE CANADIAN PRESS/Sean Vokey
MONTREAL — WSP Global Inc. says it has signed a deal to buy Ricardo plc in an agreement that values the engineering consulting firm at about $670 million.
Headquartered in the United Kingdom, Ricardo operates in over 20 countries.
Under the deal, WSP says it will pay 430 pence per Ricardo share.
Ricardo's business is organized under two main portfolios with one group including its air quality, water management, energy resilience, policy strategy, and advisory services and rail and mass transit business segments.
The other group includes its automotive and industrial (A&I) and performance products (PP) business segments.
WSP says it plans to continue an ongoing strategic review of the A&I and PP businesses and that while it says no firm decisions have been made, it says the review is likely to result in a sale of the operations.
This report by The Canadian Press was first published June 11, 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
40 minutes ago
- CTV News
'DHL has completely underestimated the resolve of our membership': UNIFOR President
UNIFOR's Lana Payne provides an update on the 2,000 workers on the picket line, key issues, needed concessions, and hopes for renewed talks.
Globe and Mail
an hour ago
- Globe and Mail
Wilson Blanchard Management Raises $169,000 at 2025 WB CondoCon in Support of Associa Cares Canada
Oakville, ON, June 21, 2025 (GLOBE NEWSWIRE) -- Wilson Blanchard Management, An Associa® Company, proudly hosted its 3rd annual WB CondoCon Board Education & Tradeshow on Tuesday, June 3, 2025, at the Oakville Conference Centre. The daylong event brought together over 200 condominium board members, 100+ Wilson Blanchard team members, and 52 valued trade partners for a dynamic day of networking, learning, and giving back. This year's event raised an outstanding $169,000 CAD in support of Associa Cares Canada, an organization dedicated to providing emergency assistance to families and communities impacted by natural or man-made disasters. Since 2005, Associa Cares has distributed more than $5.6 million to over 4,200 families across North America and beyond. 'The sheer number of people it takes to organize and execute an event of this scale reaffirms what I've always believed – that Wilson Blanchard has the most dedicated team in the industry,' said Jeff Lack, CPA, CGA, President of Wilson Blanchard Management. 'We're also incredibly grateful to our vendor partners, educational speakers, and especially our client board members whose ongoing participation makes this event possible. It's truly meaningful to see our industry come together not only for education and connection but for a cause as impactful as Associa Cares Canada.' The WB CondoCon Vendor Trade Show has grown into a marquee event for the condominium industry, offering board members the chance to connect directly with service providers while gaining valuable insights from expert-led educational sessions. This year's success highlights Wilson Blanchard Management's continued commitment to strengthening communities and supporting humanitarian efforts through industry collaboration. ### About Associa With more than 300 branch offices across North America, Associa is building the future of community for more than 7.5 million residents worldwide. Our 15,000+ team members lead the industry with unrivaled education, expertise, and trailblazing innovation. For more than 45 years, Associa has brought positive impact and meaningful value to communities. To learn more, visit About Associa Cares Canada Associa Cares Canada, CRA Business # 7835112502RR0001, assists families and communities in crisis as a result of natural and man-made disasters. Donations made by Canadian residents and businesses may be tax deductible. Learn more at Since 2005, Associa Cares has distributed over $5 million to more than 3,800 families and communities in need of a helping hand. Funds donated by caring businesses and individuals are used to provide humanitarian aid, often in the form of financial grants, needed by families and communities in the aftermath of such tragedies.
National Post
2 hours ago
- National Post
Ottawa considering 'combination of approaches' to 20% military pay hike
OTTAWA — Defence Minister David McGuinty's office says it's considering a 'combination of approaches' to boosting pay for armed service members, including introducing retention bonuses for 'stress trades.' Article content 'This investment represents an almost 20 per cent increase to the overall CAF compensation envelope,' McGuinty's spokesperson Laurent de Casanove said in an email statement to The Canadian Press. Article content Article content 'The Department of National Defence and the Canadian Armed Forces are actively working on how best to implement this investment, looking at options that include a combination of approaches such as retention bonuses for stress trades, increased starting salaries for junior members, and a broad-based salary increase.' Article content Article content While McGuinty's recent public commitment to grant the Canadian Armed Forces a '20 per cent pay increase' won praise within the defence community, it has also led to confusion — and some experts are saying they want to read the fine print. Article content Military pay scales are complicated and are based on rank, profession, deployment and other conditions. There are many ways to roll out a boost in compensation. Article content Charlotte Duval-Lantoine, a fellow at the Canadian Global Affairs Institute, said she thinks this will not amount to an across-the-board pay hike. Article content 'What is clear to me from this statement is that they are looking at all the options,' she said. 'We're still in that big question about what it looks like because a pay raise versus specialty pay versus an adaptation of the compensation package overall — not in salary — are not the same thing.' Article content Article content She said the way the pay pledge was communicated initially was 'risky' since the details were not readily available, and that has led to confusion among military members and expectations of a blanket pay hike. Article content Article content Gary Walbourne, former ombudsman for the Department of National Defence, called McGuinty's promise 'vague at best.' Article content 'There's nothing clear in this message,' he said. 'A 20 per cent increase overall to CAF compensation envelope, what does that mean? Is it coming in benefits? … Is it going be on a cyclical basis? What's the percentage increase? Is it based on seniority, rank, merit?' Article content The former watchdog for military personnel said it sounds like the Liberal government wants to implement a pay boost quickly, but 'the mechanisms that they apply to it is going to complicate it and once the bureaucrats get their hands on it, well, I can see a slowdown coming.' Article content If CAF members don't see a 20 per cent pay bump after the minister's announcement, he said, it will be 'deja vu all over again' for military personnel who have been let down in the past by lofty promises followed by implementation that 'sucks big time.'
