POWER Engineers, Inc., has signed a merger agreement with professional consulting firm WSP. If approved by shareholders and regulatory authorities, the merger would significantly expand WSP’s global Power and Energy sector, which will operate under the POWER brand for the foreseeable future.
This sector will be headed by POWER Chief Operating Officer Holger Peller, who will join WSP’s global leadership team.
The integration of POWER would also strengthen WSP’s existing three core sectors: Transport & Infrastructure, Property & Buildings, and Earth & Environment.
POWER has been an employee-owned company since 1998, when ownership transitioned from the original three founders. WSP has roots as an employee-owned firm before it became a publicly traded company in 2006. Currently, WSP employs more than 69,300 people globally in sectors spanning transportation, infrastructure, environment, building, energy, water, and mining.
The merger is subject to the approval of POWER’s shareholders and regulatory approval in the U.S. The closing of the transaction is anticipated in early Q4 2024.
AEC Advisors is acting as the exclusive financial advisor to POWER on the transaction. Katten Muchin Rosenman LLP is serving as POWER’s legal advisor.
