With their combined workforce of 150 employees, Proxion Pro and Proxion Plan form one of
The acquisition adds key rail expertise in
“I would like to extend a warm welcome to Proxion’s talented professionals. By combining our respective expertise and teams, we aim to elevate our capabilities, broaden our portfolio, and strengthen our market position in Finland,” said Alexandre L’Heureux, President and CEO of
Anna-Lena Öberg-Högsta, CEO of WSP’s Nordics region, and Harri Yli-Villamo, Managing Director of WSP in
“Combining Proxion’s forward-thinking railway approach with WSP’s recognized Transport and Infrastructure capabilities will allow Proxion’s professionals to support clients’ multidisciplinary project needs and create additional opportunities to expand their network and impact,” said
ABOUT PROXION
Proxion Plan offers design services and design-related expert services for infrastructure and built environments. Its core expertise is in the technical design of railways: track, geotechnical, electric track, ERTMS/ETCS and signaling systems, bridge, and superstructure design. In addition, Proxion Plan offers technical design and expert services for the built environment in the fields of electrical systems, lightning, trams, railways, urban areas, environmental, traffic, and traffic systems.
Proxion Pro is a critical infrastructure expert company. It offers services for the following areas: safety and security, training, assessments and approvals, commissioning and measurements, and private track infrastructure management and maintenance. Proxion Pro offers supporting services for its customers through the whole infrastructure lifecycle.
ABOUT WSP
As one of the largest professional services firms in the world, WSP exists to future-proof our cities and our environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. Its 66,500 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity and inclusion. In 2023, WSP reported
FORWARD-LOOKING STATEMENTS
This press release contains information or statements that are or may be “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, forecasts, projections, guidance, or other statements that are not historical facts. Forward-looking statements in this press release include, without limitation, information and statements relating to Proxion; the expected benefits of Proxion’s acquisition; WSP’s leadership position in its markets; and statements relating to the Corporation’s future growth, business performance, prospects and opportunities. These forward-looking statements are based on a number of assumptions believed by the Corporation to be reasonable as at the date of this press release, including assumptions on WSP’s ability to achieve synergies and maintain its market position as a result of the successful integration of Proxion; WSP’s ability to attract and retain key Proxion employees, management’s estimates and expectations concerning future economic and business conditions; and the accuracy and completeness of the information disclosed by Proxion. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding risk factors, which, if realized, could cause the Corporation's actual results to differ materially from those expressed or implied in forward-looking statements, are discussed in greater detail in section 20, “Risk factors” of WSP's MD&A for the quarter and year ended
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Chief Financial Officer
Phone: 438-843-7317
alain.michaud@wsp.com
Source:
2024 GlobeNewswire, Inc., source