WSP continues growing in Latin America through acquisition
November 2, 2017
Consultoría Colombiana is a 1,000-employee professional services firm based in Colombia with offices in Peru, Chile, Panama and Mexico.
WSP Global Inc. is growing its reach in Latin America with the acquisition of Consultoría Colombiana S.A. (ConCol), a 1,000-employee professional services firm based in Colombia with offices in Peru, Chile, Panama and Mexico. This transaction follows the July acquisition of Poch, a 730-employee professional services firm based in Chile.
Founded in 1971, ConCol is a multidisciplinary consulting firm with expertise in power, transport, oil & gas, environment, as well as project management.
“The acquisition of ConCol, which was financed using our available cash and credit facilities, will further strengthen our presence in Latin America, especially in power transmission, a ConCol core market,” said Alexandre L’Heureux, WSP president and CEO, in a company release.
WSP now has about 2,500 employees in the Latin America region.
“As a global firm with a recognized technical expertise and expanded global network, WSP is the perfect partner for us to pursue our growth,” said Mr. Andrés Manrique Manrique, CEO of ConCol.