REG - Ricardo PLC - Ricardo joins WSP after transaction completion

RicardoAnnouncement

09/10/2025 07:02

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RNS Number : 7158C  Ricardo PLC  09 October 2025

 

 

 

 

 

 

 

Ricardo joins WSP following transaction completion

 

 

LONDON, October 9, 2025: Ricardo, a global leader in strategic, environmental,
and engineering consultancy, is pleased to announce the completion of its
acquisition by WSP.

 

The combination of Ricardo and WSP brings together advanced capabilities and
complementary strengths, accelerating a shared ambition to be leaders in
environmental consultancy and energy-transition services. Through WSP's
extensive global footprint and diversified service portfolio, Ricardo is now
even better positioned to deliver transformative, future-focused solutions to
clients and communities worldwide.

 

"Today marks a significant milestone for Ricardo as we proudly join WSP," said
Graham Ritchie, CEO of Ricardo. "WSP's belief in our strategy and support for
our continued journey reflects the strength of what we have built over the
past few years since we launched our strategy focused on sustainable growth in
key markets. Ricardo and WSP share values and a purpose-led culture, so this
acquisition accelerates our ability to deliver a broader, more impactful
offering to our clients. It also opens up exciting new opportunities for our
talented teams-opportunities that would not have been possible without this
partnership. We are committed to supporting WSP's dynamic strategic vision and
look forward to shaping the future together."

 

This transaction aligns well with WSP's strategic action plan 2025-2027, which
pioneers change for empowered growth by enhancing WSP's capabilities.

 

"We are pleased to bring Ricardo into WSP and welcome new colleagues across
the globe. The team's deep, differentiated expertise in areas that are
increasingly critical to our clients, such as air quality, water management,
energy resilience, policy strategy, and rail, enhances our offering and
accelerates momentum toward our strategic ambitions in high-growth sectors and
markets," expressed Alexandre L'Heureux, President and CEO of WSP. "We will
now focus on integrating our teams and building on our combined strengths. Our
complementary capabilities and shared passion for technical excellence
position us to drive greater innovation and deliver added value as we support
our clients through complex transitions."

The transaction was announced on 11 June 2025.

Following shareholder approval and the successful sanctioning of the scheme at
a UK court hearing on the 7 October, the acquisition became effective on 9
October.

 

Gleacher Shacklock served as financial adviser to Ricardo in connection with
the transaction with WSP. Investec plc acted as the company's broker, while
Ashurst LLP provided legal counsel throughout the process.

 

The next phase involves embedding the integration process, ensuring that the
transaction delivers both strategic alignment and operational excellence.

 

-ENDS-

 

 

 

 

About Ricardo

Ricardo, a member of WSP, is a global strategic, environmental, and
engineering consulting company. With over 110 years of engineering excellence
and approximately 2,600 employees in more than 20 countries, Ricardo provides
exceptional levels of expertise in delivering innovative cross-sector
sustainable outcomes to support energy transition and environmental services,
together with cross-sector transportation engineering disciplines. Visit
www.ricardo.com (http://www.ricardo.com)

 

 

About WSP

WSP is one of the world's leading professional services firms, uniting its
engineering, advisory and science-based expertise to shape communities to
advance humanity. From local beginnings to a globe-spanning presence today,
WSP operates in over 50 countries and employs approximately 75,000
professionals, known as Visioneers. Together they pioneer solutions and
deliver innovative projects in the transportation, infrastructure,
environment, building, energy, water, and mining and metals sectors. WSP is
publicly listed on the Toronto Stock Exchange (TSX:WSP).  Visit wsp.com

 

 

 Investor and media relations
 Ricardo Group plc  Natasha Perfect  investors@Ricardo Group.com (mailto:investors@ricardo.com)
 SEC Newgate        Bob Huxham       Tel 020 757 6882

                    Ian Silvera      Ricardo Group@secnewgate.co.uk (mailto:Ricardo%20Group@secnewgate.co.uk)

 

 

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