WSP to acquire GCM Corpo, adding 600 energy-sector professionals in Canada

GlobeNewswire··CA·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

WSP Global Inc. has entered into an agreement to acquire GCM Corpo Inc., a Canadian provider of engineering consulting and specialist services for the energy and industrial sectors. GCM Corpo, which operates through six subsidiaries and is home to approximately 600 professionals across Québec, Western and Atlantic Canada, serves clients in energy, industrial, and mining and metals. A portion of the purchase price will be paid in WSP common shares to the sellers, including Fonds de solidarité FTQ, GCM Corpo's largest shareholder. WSP said the deal supports priority growth areas under its 2025-2027 Global Strategic Action Plan and will strengthen capabilities in process engineering, industrial digitalization, operational technology cybersecurity, project and construction management, project procurement, detailed engineering and environmental services. WSP has received conditional approval from the Toronto Stock Exchange for the common shares to be issued as consideration, and the transaction, subject to customary closing conditions including regulatory approval, is expected to close in Q4 2026.

Impact on assets 1

Energy Transition & Power Demand▲ · 1 stocks

Off-coverage companies 3

GCM Corpo Inc.Private▲ Positive
Capitalrelevance

GCM Corpo is being acquired by WSP, with part of the purchase price paid in WSP shares

WSP Global Inc.Private▲ Positive
Capitalrelevance

WSP agrees to acquire GCM Corpo, expanding its energy-sector engineering capabilities and headcount

Fonds de solidarité FTQPrivate± Mixed
Capitalrelevance

Fonds de solidarité FTQ, GCM Corpo's largest shareholder, will receive WSP common shares as part of the consideration

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