Tunnel Business Magazine

OCT 2018

TBM: Tunnel Business Magazine is the market leader for North America. TBM is written for leading professionals in all aspects of tunneling and covers project stories, design elements, contracting strategies, legal issues, new technology and more.

Issue link: http://digital.tunnelingonline.com/i/1042145

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Page 6 of 47

Louis Berger has entered into an agree- ment to join WSP. Both companies share similar business and regional operating models globally, complementary skills and geographies and a strong cultural fit with respect to people, clients and team- work. Together, the firms will be able to provide clients with more bench depth and expanded services throughout mar- kets and geographic areas, pursue larger and more complex projects, and provide expanded career opportunities for all of our employees. "I am very pleased about the prospect of joining WSP, as our values and strate- gies are aligned and our operations are complementary. This will create new op- portunities for our employees and clients. WSP and Louis Berger are known to each other as we have pursued and won many projects together. As a result, we feel very comfortable in the strategic and cultural fit as we join together," said Jim Stamatis, president and chief executive officer of Louis Berger. With approximately 43,000 people lo- cated in 550 offices across 40 countries, including 7,000 in the United States, WSP provides technical expertise and strategic advice to clients in the transportation and infrastructure, property and buildings, environment, industry, resources and energy sectors, as well as offering proj- ect and program delivery and advisory services. Louis Berger anticipates play- ing an active role in the development and growth of WSP's multidisciplinary activi- ties and looks forward to offering a wide range of additional services to current and new clients. "We are pleased by the opportunity to have Louis Berger join WSP. The com- pany is recognized for its expertise in sectors and services that WSP had tar- geted for growth. This acquisition will also enable us to increase our presence in geographies we have previously targeted for growth, such as continental Europe. Lastly, it will increase our exposure to the U.S. federal sector since Louis Berger has developed expertise and built expe- rience in governmental contracts," said Alexandre L'Heureux, president and chief executive officer of WSP. "We will focus on integrating U.S. operations and other regions that have proven to be drivers of growth, while pursuing the international restructuring Louis Berger had started." Greenhill & Co., LLC acted as financial advisors and Kirkland & Ellis, LLP acted as legal advisors to Louis Berger. The ac- quisition is expected to be completed by Dec. 31, 2018. TUNNELINGONLINE.COM TBM: TUNNEL BUSINESS MAGAZINE // OCTOBER 2018 Louis Berger Announces Intent to Join WSP 7 B U S I N E S S B R I E F S

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