Core Viewpoint - WSP Global Inc. has announced an agreement to acquire TRC Companies for a total cash purchase price of US$3.3 billion, which is a strategic move to enhance its position in the Power & Energy sector and achieve its 2025-2027 Global Strategic Action Plan [1][4]. Company Overview - WSP is one of the world's leading professional services firms, operating in over 50 countries with approximately 75,000 professionals [32]. - TRC, based in Windsor, Connecticut, has been a leader in engineering and consulting for over 55 years, employing around 8,000 people [2][29]. Acquisition Details - The acquisition price of US$3.3 billion represents 14.5 times TRC's Pre-IFRS 16 CY2026E Adjusted EBITDA pre-synergies and 12.5 times post-synergies [7]. - The acquisition is expected to be low- to mid-single-digit percentage accretive to WSP's adjusted net earnings per share before synergies, and high-single-digit percentage accretive once cost synergies are fully realized [4][7]. Strategic Benefits - The acquisition will expand WSP's offerings in the Power & Energy sector, enhance client relationships, and create cross-selling opportunities [3][4]. - WSP will become the largest engineering and design firm in the U.S. by revenue, with a combined workforce of approximately 27,000 employees [4][5]. Financial Highlights - TRC's Pre-IFRS 16 Adjusted EBITDA for the financial year ended June 30, 2025, was approximately US$192.3 million, with net revenues of approximately US$1,192.2 million [7][49]. - WSP plans to finance the acquisition through US$3.3 billion of Committed Acquisition Financing and an equity offering of approximately $850 million [7][10]. Market Positioning - The acquisition aligns with WSP's goal to drive scale across strategic high-growth areas, particularly in advisory capabilities and digital solutions [4][5]. - Approximately 34% of WSP's U.S. net revenues will be derived from the Power & Energy sector post-acquisition, which is expected to accelerate WSP's organic growth rate globally [4][7].

PRESS RELEASE Arcadis announces Heather Polinsky as new CEO Heather Polinsky, 26-year veteran of the company and Global President for Resilience and Mobility, nominated as new Chief Executive Officer (CEO)Alan Brookes to step down as CEO on 1 March 2026 Amsterdam, 11 December 2025 – Arcadis (EURONEXT: ARCAD), the world’s leading company in delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets, today announced that the Supervisory Board has nominated ...

Core Insights - Colliers has acquired Greenhill Engineers Pty Ltd, enhancing its geographic footprint and scale in the South Australian market [1][2][3] - The acquisition allows Colliers Engineering to integrate Greenhill's operations and rebrand as "Colliers Engineering & Design," while Greenhill's leadership will continue as shareholders under Colliers' partnership model [2][3] Company Overview - Greenhill, founded in 2004, employs 65 professionals providing civil engineering, electrical infrastructure, transport infrastructure, and landscape architecture services [3] - Colliers operates through three platforms: Real Estate Services, Engineering, and Investment Management, with over $5.0 billion in annual revenues and more than $100 billion in assets under management [4] Strategic Implications - The acquisition aligns with Colliers' long-term growth ambitions and enhances its technical capabilities and geographic reach [2][3] - Greenhill's leadership expressed that Colliers' values and entrepreneurial culture align with their own, making the partnership a natural fit [3]

Core Viewpoint - Arcadis N.V. has repurchased 106,232 of its own shares from October 1 to October 3, 2025, at an average price of €47.25, totaling €5,019,428 in consideration [1][2]. Group 1: Share Buyback Program - The share repurchase is part of a program aimed at reducing the capital of Arcadis, which was announced on October 1, 2025 [2]. - Details of all transactions under the share buyback program will be published in weekly press releases and on the Arcadis website [2]. Group 2: Company Overview - Arcadis is recognized as the world's leading company in delivering data-driven sustainable design, engineering, and consultancy solutions for natural and built assets [3]. - The company employs over 36,000 professionals, including architects, data analysts, designers, engineers, and sustainability experts, focused on improving quality of life [3]. - In 2023, Arcadis reported gross revenues of €5.0 billion and operates in over 30 countries [3].

Core Insights - Arcadis reported €965 million in net revenues for Q2 2025, showing stable organic performance year-on-year and an operating EBITA margin of 11.3% while investing in strategic initiatives for future growth [2][3] - The company experienced strong demand in North America and Europe, which offset challenges in the UK and Australia, leading to increased Key Client order intake and expansion of Global Excellence Centers [3][5] Financial Performance - Gross revenues for H1 2025 were €2,453 million, a 2% decrease from €2,512 million in H1 2024, while net revenues were €1,937 million, down 1% from €1,959 million [4][20] - Operating EBITA for H1 2025 was €269 million, a slight decrease of 1% from €271 million in H1 2024, with an operating EBITA margin of 11.1% [4][11] - Free cash flow for H1 2025 was negative at €-136 million, compared to €-88 million in H1 2024, reflecting seasonal trends and higher cash outflows [12][20] Market Dynamics - Revenue growth was strong in the US, Canada, and the Netherlands, driven by high demand for Energy Transition, Water, and Technology solutions, while the UK market saw an 8% decline due to delayed government spending reviews [8][9] - The total backlog increased to €3,647 million, with an organic growth rate of 11.8% year-on-year, supported by significant order intake from sectors like Pharmaceuticals and Energy Transition [4][20] Strategic Initiatives - The integration of recently acquired WSP Rail and KUA Data Centers is expected to unlock new growth opportunities, particularly in Germany [5][10] - The company is well-positioned for growth in H2 2025, with large contracts ramping up and increased UK spending anticipated [5][9] Operational Highlights - The operating EBITA margin improved to 11.3% in Q2 2025 from 10.8% in the previous year, supported by strategic initiatives and an expanded Key Clients program [10][21] - The workforce in Global Excellence Centers has grown to 5,100, with plans for a new center in Bucharest, Romania [10][21] Future Outlook - Arcadis aims for an operating EBITA margin of 12.5% by 2026, with a strategy focused on sustainable growth and investment in digital solutions [19][20]