M&A Deal Summary

WSP Acquires Faveo Management AS

On June 30, 2015, WSP acquired engineering company Faveo Management AS

Acquisition Highlights
  • This is WSP’s 7th transaction in the Engineering sector.
  • This is WSP’s 1st transaction in Norway.

M&A Deal Summary

Date 2015-06-30
Target Faveo Management AS
Sector Engineering
Buyer(s) WSP
Deal Type Add-on Acquisition

Target

Faveo Management AS

Oslo, Norway
Faveo Management AS is a project management firm based in Norway and Sweden. Faveo provides project management services and associated specialist services in the areas of infrastructure and energy.

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Buyer(S) 1

Buyer

WSP

Montreal, Quebec, Canada

Category Company
Founded 1885
Sector Business Services
Employees73,000
Revenue 16.2B CAD (2024)
DESCRIPTION

WSP Global is a professional services firm providing engineering and design services as well as consultancy services across various sectors. WSP 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. WSP was founded in 1885 and is based in Montreal, Quebec.


DEAL STATS #
Overall 10 of 32
Sector: Engineering M&A 7 of 16
Type: Add-on Acquisition M&A Deals 8 of 27
Country: Norway M&A 1 of 1
Year: 2015 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Caravel Investments

Richmond, British Columbia, Canada

Caravel Investments Ltd. (Levelton) is a consulting engineering firm based in British Columbia and Alberta, Levelton provides a diverse range of specialized engineering solutions in the areas of environment, geotechnical, building science and materials engineering and testing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 MMM Group

Thornhill, Ontario, Canada

MMM Group Limited is a multidisciplinary consulting firm creating vibrant and healthy communities through innovative planning, engineering, geomatics, and project management services.

Buy $425M