M&A Deal Summary

WSP Acquires Proxion

On March 26, 2024, WSP acquired business services company Proxion

Acquisition Highlights
  • This is WSP’s 7th transaction in the Business Services sector.
  • This is WSP’s 1st transaction in Finland.

M&A Deal Summary
Date 2024-03-26
Target Proxion
Sector Business Services
Buyer(s) WSP
Deal Type Add-on Acquisition

Target

Proxion

Helsinki, Finland
website
Proxion is a rail consultancy that offers a range of railway and railway system design services, including traffic and energy services, as well as safety and security expertise. The company's core expertise is in the technical design of railways: track, geotechnical, electric track, ERTMS/ETCS and signaling systems, bridge, and superstructure design. It offers technical design and expert services for the built environment in the fields of electrical systems, lightning, trams, railways, urban areas, environmental, traffic, and traffic systems. Proxion is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

WSP

Montreal, Quebec, Canada

website

Category Company
Founded 1885
Sector Business Services
Employees47,100
Revenue 14.4B CAD (2023)
DESCRIPTION

WSP Global is a professional services firm based in Canada, providing engineering and design services as well as consultancy services across various sectors. The company operates in fields such as buildings, transportation, infrastructure, environment, water, energy, and resources. WSP offers strategic advisory, planning, engineering, and project management services to clients ranging from governments and municipalities to private businesses and international organizations. Their expertise covers the complete lifecycle of projects, from initial concept and feasibility studies through to design, construction, operation, and maintenance. WSP was founded in 1885 and is based in Montreal, Quebec.

DEAL STATS #
Overall 26 of 28
Sector (Business Services) 7 of 7
Type (Add-on Acquisition) 21 of 23
Country (Finland) 1 of 1
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-21 Communica

Calgary, Alberta, Canada

Communica specializes in Indigenous and stakeholder regulatory engagement services and software. It facilitates effective engagement and fosters respectful, productive dialogues between organizations and their community stakeholders by holding meetings with Indigenous communities, stakeholders, and community events. Communica was formed in 2002 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 1A Ingenieros

Valladolid, Spain

1A Ingenieros is an engineering company. The company has five main delegations and carries out its activity in the areas of renewable energy, electricity distribution and transportation, sustainable mobility, the industrial sector, and the environment. 1A Ingenieros has a wide network of clients, among which important companies in the energy sector and industrial multinationals in the automotive sector stand out. 1A Ingenieros is based in Valladolid, Spain.

Buy -
Mergr

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