Montreal-based WSP Global announced its acquisition of British environmental and engineering consulting firm Ricardo for approximately £363.1 million ($670 million), including debt. The deal comes after Ricardo faced pressure from investor Science Group for a sale or breakup.
Montreal’s WSP Global to acquire U.K.’s Ricardo for $670-million
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TL;DR: Key points with love ❤️Montreal-based WSP Global announced its acquisition of British environmental and engineering consulting firm Ricardo for approximately £363.1 million ($670 million), including debt. The deal comes after Ricardo faced pressure from investor Science Group for a sale or breakup.
- 1 June 10: Ricardo's closing share price (used for premium calculation).
- 2 Wednesday (June 11): WSP Global announced acquisition; Science Group announced sale of stake.
- Ricardo's shareholders receive a premium
- Science Group sells a significant stake
- Ricardo's leadership (Mark Clare) was under pressure
What: Montreal-based WSP Global will acquire British environmental and engineering consulting firm Ricardo for about £363.1 million ($670 million), including debt.
When: Announced on Wednesday (June 11, 2025).
Where: Montreal, Canada; United Kingdom.
Why: Ricardo was under pressure from rival investor Science Group, who pushed for a sale or breakup due to underperformance and structural inefficiencies.
How: WSP Global will pay Ricardo shareholders 430 pence in cash per share. Science Group will sell a 20% stake to WSP for £53.5 million.