WSP Global Inc. has announced its plans to acquire the UK-based engineering consultancy firm Ricardo for £363.1 million, or approximately $670 million. The acquisition will see WSP purchase all of the issued and to be issued share capital of Ricardo at a price of approximately $5.46 USD per share. This move is part of WSP's broader strategy to expand its footprint in high-growth sectors worldwide.
Ricardo is known for its expertise in the transport, energy and environment sectors, and the firm has been increasingly focused on its air quality, water management and energy resilience business. In addition to its consulting and advisory services, Ricardo also has a significant presence in the rail and mass transit sector. The firm's automotive and industrial business is another key area of focus.
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