News & Newsletter

December 12, 2014
Cheverny Advises On Oil & Gas / Transportation Engineering Transaction In Latin America

Cheverny Capital acted as joint financial adviser on the announced sale of Dessau CEI S.A.S. to WSP Global Inc. (WSP:TSX). The text of WSP’s press release is appended below.

WSP Acquires Dessau’s Colombian Subsidiary, Strengthening its Expertise in Transportation and Oil & Gas

MONTREAL, QUEBEC–(Marketwired – Dec. 12, 2014) - WSP Global Inc. (TSX:WSP) (“WSP” or the “Corporation”) today announced the acquisition of Dessau CEI S.A.S (“Dessau CEI”), Dessau International Inc.’s Colombian engineering subsidiary. Active in transportation and oil & gas, the firm has 415 employees based in Bogotá.

“We are pleased with this acquisition, which is an integral part of our South American growth strategy. After having significantly grown in Colombia for the past two years, we believe this transaction will provide a perfect complement to the array of services we offer our clients, as Dessau CEI’s expertise will strengthen our expertise in the transportation and oil & gas sectors,” stated Ali Ettehadieh, Managing Director of South America and the Caribbean for WSP. “Now that we have a strong presence in Colombia and a broader expertise, we would like to leverage that to pursue the next phase of our growth in South America,” he added.

“Partnering with WSP is great news for us as it will give us access to a true global network of experts. As part of a firm with such a global presence, we believe the strength of our expertise in highways supervision and design, energy projects as well as oil pipelines supervision, coupled with their outreach, will create tremendous opportunities for both our clients and employees,” said Luis E. Quintero, Dessau CEI’s General Manager in Colombia.

ABOUT DESSAU CEI 

Established in 1960, Compañía de Estudios e Interventorías Ltda., which is Dessau CEI SAS’s predecessor, was founded to provide professional engineering consulting services in the transportation, energy, water and oil and gas sectors. Over the years, Dessau CEI has participated in large engineering projects contributing to the development of the country such as the construction supervision of large dams, the valorisation plan of the city of Bogotá (studies and design of roads, intersections, pedestrian bridges and public spaces) and the Bogotá-Villavicencio Highway (including the design of large tunnels and bridges), which was awarded the 2010 National Engineering Award. In the oil and gas sector, the firm has been in charge of the supervision construction of the biggest part of the oil pipeline system in Colombia for Ecopetrol, the major oil and gas player in Colombia and successfully completed the Control Center Project Management construction of the most important oil refinery in Colombia.

ABOUT WSP 

WSP, through its acquisition of Parsons Brinckerhoff, is one of the world’s leading professional services firms in its industry, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines. The firm provides services to transform the built environment and restore the natural environment, and its expertise ranges from environmental remediation to urban planning, from engineering iconic buildings to designing sustainable transport networks, and from developing the energy sources of the future to enabling new ways of extracting essential resources. It has approximately 32,000 employees, mainly engineers, technicians, scientists, architects, planners, surveyors, other design professionals, as well as various environmental experts, based in more than 500 offices, across 39 countries, on 5 continents. WSP, including Parsons Brinckerhoff, had pro forma revenues of $4.5 billion for the 12 months ended December 31, 2013. www.wspgroup.com