Finance
Canada's WSP Global to acquire UK's Ricardo for $490 million
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
WSP Global will acquire UK's Ricardo for $490 million, including debt, offering a 28.4% premium on Ricardo's shares. Science Group will sell a 20% stake to WSP.
(Reuters) -Canada-based WSP Global said on Wednesday that it would acquire British environmental and engineering consulting firm Ricardo for about 363.1 million pounds ($489.6 million) including debt.
Under the deal, Ricardo shareholders will receive 430 pence in cash per share, a 28.4% premium to its closing price on June 10.
The British company had been under pressure from rival and investor Science Group , who had been pushing for a sale or breakup of Ricardo amid calls to oust Chairman Mark Clare and other directors, citing underperformance and structural inefficiencies.
Science Group, Ricardo's second-largest investor with a 21.76% stake according to LSEG data, said on Wednesday it would sell a 20% stake to WSP for about 53.5 million pounds.
($1 = 0.7417 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Tasim Zahid)
WSP Global is set to acquire Ricardo for approximately 363.1 million pounds, which is about $489.6 million including debt.
Ricardo shareholders will receive 430 pence in cash per share, representing a 28.4% premium to its closing price on June 10.
Science Group, which is Ricardo's second-largest investor with a 21.76% stake, has been advocating for a sale or breakup of the company.
Science Group announced it would sell a 20% stake in Ricardo to WSP for approximately 53.5 million pounds.
The article mentions that $1 is equivalent to 0.7417 pounds.
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