WSP completes acquisition of Capita’s real estate business

September 26, 2022

After announcing the deal in August 2022, WSP completed the acquisition of GL Hearn Ltd and Capita REI from Capita Plc.

This will add approximately 1,000 UK-based staff to WSP’s workforce, expanding its strategic advisory offering. The management teams of REI and GLH will also remain.

Capita expects to receive proceeds of nearly £69million from the sale.

Acquisition of John Wood Group

“I would like to welcome our 1,000 new experts from Capita REI and GL Hearn who will add influence through their strong backgrounds and strengthen our workforce in the UK,” said Alexandre L’Heureux. , President and CEO of WSP.

“Through the acquisitions of Capita REI, GL Hearn and the recently announced closing of Wood’s Environment & Infrastructure, WSP will increase its reach, strengthen its value proposition and accelerate its growth potential in the UK.

WSP completed its acquisition of the environment and infrastructure arm of John Wood Group on September 21, 2022, adding more than 6,000 employees to its business.

Mark Naysmith, President and CEO of WSP UK & EMEA added: “We are delighted to welcome our new colleagues from Capita REI and GL Hearn, as the matching capabilities and cultures will strengthen WSP’s expertise in our core markets. This acquisition aligns perfectly with our strategic ambitions in these markets and will support the diversification of our strategic advisory offering in adjacent markets.

Image: A photograph of two people, one signing a piece of paper with a pen. Image credit: Pexels

Article written by Ella Tansley | Posted on September 26, 2022

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