WSP ANNOUNCES CLOSING OF MMM ACQUISITION

With a national footprint comprising 18 offices across 7 provinces and a strong Ontario (including the Greater Toronto Area) presence representing approximately 75% of its 2014 net revenues, MMM is recognized for its expertise in transportation, infrastructure & environment, and buildings, its three main operating segments. MMM is also a leader in public-private partnerships (P3), more particularly in the delivery of large-scale, complex P3 projects involving transportation, highways, bridges, transit, airports and buildings.

This acquisition will provide enhanced opportunities to WSP’s Canadian and Global operations by:

"I am delighted about this acquisition and that our two firms are joining forces," said David Ackert, President and Chief Executive Officer of WSP in Canada. "The coming together of these two like-minded firms will enable us to pursue our growth strategy and strengthen our foundation across Canada by increasing our ability to deliver superior value to our clients, shareholders and employees."

"As we join WSP, a firm with similar values to MMM and a complementary business model, we will have an opportunity to continue our journey of growth. We also look forward to providing additional value for our employees and clients through our enhanced expertise and expanded network,” said Hugo Blasutta, Chief Executive Officer of MMM.

Founded in 1957, MMM is a multidisciplinary consulting firm creating vibrant and healthy communities through innovative planning, engineering, geomatics, and project management services. With more than 2,000 employees in 18 offices across seven provinces, MMM utilizes strong client relationships and deep industry knowledge to deliver cutting-edge, personalized, and practical solutions that help its clients seize opportunities, understand and address challenges, identify and manage risks, and navigate relevant regulatory systems.