WSP said this pending acquisition, which is expected to be completed by Dec. 31, will add 5,000 people to its workforce. WSP provides technical expertise and strategic advice to clients in the transportation, infrastructure, environmental and energy sectors.
The purchase price will be financed by an underwritten term loan.
WSP intends to acquire Louis Berger to strengthen its presence in the U.S., Spain, France, the Middle East and Latin America.
Louis Berger anticipates playing an active role in the development and growth of WSP’s multidisciplinary activities. Louis Berger President and CEO Jim Stamatis said the merger will create new opportunities for employees and clients.