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News » International » WSP buys Chilean firm » published 20 Jul 2017

WSP buys Chilean firm

WSP has bought a 730-employee professional services firm as part of a strategy of expansion in Latin America.

Poch is based in Chile and has additional offices in Peru, Colombia and Mexico. Its areas of operation include engineering, environmental services, project and construction management as well as supervision and control services for industrial, buildings, environment and energy clients.

WSP president and chief executive officer Alexandre L'Heureux said: "The acquisition of Poch, which was financed using our available cash and credit facilities, is aligned with our 2015-2018 Strategic Plan and represents a significant milestone in our ambition to become a top-tier pure player in Latin America. With 540 employees, the Chilean office is strategically located for our operations and positions us for continued growth in Chile. In addition, Poch's recognized expertise in other countries complements and enhances our range of services in the region.”

 “We believe that as a global player with a strong reputation, WSP is the perfect partner for us and that uniting our teams will create tremendous opportunities for both clients and employees,” added Miguel Sanchez Carril, chief executive officer of Poch. “WSP has been actively involved in various iconic projects around the world. Such scale and experience should enhance our capacity to bid on larger projects, enabling us to compete with international firms and broadening the scope of our business in Latin America and internationally.”

 

MPU

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This article was published on 20 Jul 2017 (last updated on 20 Jul 2017).

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