Canada’s WSP Global is targeting Australia to “develop its leadership position” in mining and other markets via the A$275 million (US$185 million) acquisition of Calibre Group’s resources, rail, renewables and rehabilitation business.
Adding to its major acquisition of Golder in 2021, WSP says the Calibre business provides engineering services “across the full asset life cycle, focused on rail, infrastructure, rehabilitation, and renewable projects supporting blue-chip mining clients”. It has about 800 people in Australia working out of offices in Perth, Sydney, Melbourne and Brisbane.
Calibre expanded its mining consulting activity when it bought firms such as Xstract Mining Consultants, Joharko and Minerva Engineers more than a decade ago.
“The addition of Calibre and its mining advisory and consulting expertise will position WSP to seize significant opportunities related to mine closure and rehabilitation as well as water management,” Montreal-headquartered WSP said.
“The combined platform will represent over 6000 professionals across Australia, including over 1000 experts in the resource sector, and significantly increase WSP’s presence in the Pilbara region and Western Australia.”
WSP CEO Alexandre L’Heureux said the group aimed to be “the partner of choice for mining companies with strong ESG commitments”.
The deal is subject to Australian Foreign Investment Review Board approval.
Toronto Stock Exchange-listed WSP’s shares closed down about 4% Wednesday at C$167, capitalising the company at C$20.8 billion.