An Australian structural and civil engineering company with a prolific portfolio of projects ranging from the Sydney Airport redevelopment to the upgraded Sydney Fish Market has been acquired by Canada's WSP (TSX: WSP) for an undisclosed sum.
Founded by former Arup director Ross Clarke in 2000, enstruct now has 75 employees with offices in Sydney, Melbourne and Brisbane, working on landmark projects including hospitals throughout NSW, commercial projects such as Martin Place Metro, Cockle Bay Park and 700 Collins Street Melbourne, and major transport, education and defence works.
Clarke said the acquisition of the company he started would help tap into more resources and expertise.
"Like WSP, we focus on delivering outstanding projects that combine innovation and quality," said Clarke, who is also managing director of the firm.
"Combining our two teams means we can keep on delivering the personalized client service and leading structural engineering solutions for which we are known while offering our clients access to the expanded network of expertise, digital tools, and resources now available to us as part of WSP."
Although still subject to regulatory approvals and other customary closing conditions, the transaction is expected to be completed by the end of the first quarter of 2023.
"We are excited about joining forces with enstruct as it will strengthen our structural business in Sydney and provide relevant structural engineering capabilities that tie in strategically within our Properties & Buildings sector’s ambitions,” said WSP president and CEO, Alexandre L’Heureux.
"The people at enstruct are highly regarded and will deepen our technical skills in the Australian market. I look forward to welcoming them to WSP."
WSP’s CEO for Asia Pacific, Guy Templeton, said both firms had a highly complementary client base, a common focus on the healthcare, education, defence and transport sectors, and a shared commitment to excellence.
"This acquisition represents a significant opportunity to provide enhanced structural engineering services to our clients, while making a lasting and positive impact on our community," Templeton said.
Other projects of note that enstruct has been involved in include Brisbane Square, Sydney's Warragamba Dam, the University of Wollongong's Innovation Campus Enterprise 1 building, the Qantas Headquarters, Darwin Waterfront Stage 2, early works on Sydney's Green Square, and many more.
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