Engineer linked with bid for Parsons Brinckerhoff targets expansion through 鈥榦rganic growth and potential acquisitions鈥�
WSP has posted strong revenue and profit growth in first-half results for the six months to 28 June 2014.
The Canada-based engineering giant, which was known as Genivar but took the name of UK-based firm WSP after it acquired it in 2012, posted an 11.9% increase in revenue to C$1,113.6m (拢603m) and a 30.2% rise in pre-tax profit to C$54.3m (拢29.4m).
WSP 鈥� which has been 鈥� said it was targeting expansion through 鈥渙rganic growth and potential acquisitions鈥�.
Pierre Shoiry, president and chief executive officer of WSP, said: 鈥淟ooking ahead, we are optimistic about the future trajectory for the business, which should be positively driven by organic growth and potential acquisitions, which we are hopeful, will provide additional expansion opportunities in attractive market segments and geographies.鈥�
WSP completed three acquisitions during the second quarter, including 1,800-strong Alberta-based engineering and geomatics firm Focus Group Holdings, an 100-strong subsidiary of French engineer Technip and Australia-based 50-strong engineer Winward Group.
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