WSP buys Schlumberger’s water consultancy business

WSP Parsons Brinckerhoff has agreed to buy the industrial water consultancy business of global oilfield services company Schlumberger.

Acquisition of the 250-employee business will enable the company to provide water consulting services to industrial clients worldwide and will establish a presence for WSP in Chile and Peru. The acquisition will also add to the company’s presence in a number of, including the United States, the UK, Colombia and Mexico.

“The industrial water consultancy team will bring WSP an increased presence in the attractive global water market, more specifically, in the supply, management, control and environmental protection of water,” said Alexandre L’Heureux, the incoming president and chief executive officer of WSP.  “We are strengthening our presence in South America, a region we are targeting in our 2015-2018 strategic plan.

The transaction is expected to close in the third quarter of 2016.