Calibre Group Announces the Sale of its Resources, Rail, Renewables and Rehabilitation Business to WSP
Calibre Group is pleased to announce that it has entered into an agreement to sell its Resources, Rail, Renewables and Rehabilitation business, Calibre Professional Services One Pty Limited, and its subsidiary, Xstract Mining Consultants Pty Ltd (collectively, "Calibre") to WSP Australia Pty Ltd, a leading global engineering and professional services firm. This acquisition will provide both companies with enhanced capabilities and resources to deliver innovative and sustainable solutions to clients and communities around the world.
With a multi-decade track record of successful projects in the resources sector, Calibre's experience and expertise will contribute to the formation of a partnership with industry-leading capability. Together, Calibre and WSP will have a combined force of over 6,000 professionals across Australia, dedicated to delivering innovative and sustainable solutions.
Calibre's Managing Director & CEO, Peter Massey, said: “We are immensely proud of the success of the Calibre business over the last 20 years and our reputation in the markets in which we operate. We are confident that WSP is the right partner, who can bring their global reach and expertise to provide new opportunities for our clients and employees.”
Adrian Chapman, Calibre’s Executive General Manager said: “This is a significant milestone for our company. Our combined service offering, increased capacity and global reach will provide us with leading capability. We believe that this acquisition is a testament to the hard work and dedication of our employees, and we are confident that the combined strengths of Calibre and WSP will drive continued success and growth for our people and deliver even greater value for our clients.”
“This agreement will further position us to play a leading role in the green transition of the mining industry in Australia and across the globe,” said Alexandre L’Heureux, WSP Global President and CEO. “Our combined business will further increase our technical capabilities and provide opportunities to serve as the partner of choice for mining companies with strong ESG commitments.”
Guy Templeton, CEO WSP Asia Pacific said: “The proposed acquisition builds on the expertise and increased capacity the acquisition of Golder Associates brought to WSP. Together with Calibre, our ability to deliver services supporting the accelerating energy transition is vastly enhanced.”
Following the completion of the acquisition, Calibre and WSP will collaborate to ensure a seamless integration, capitalising on the opportunities this agreement presents.
The transaction is subject to customary conditions, including regulatory approvals. Pending satisfaction of these conditions, the deal is anticipated to close in the second quarter of 2023. Calibre Group was advised by Greenhill and Ashurst throughout the transaction.
Calibre is a leading advisory and engineering services provider to the resources, rail, renewables and rehabilitation sectors in Australia, with a successful track record of over 20 years in the design and execution of AUD$30bn+ in mining and resources infrastructure projects.
As one of the world’s leading professional services firms, WSP exists to future-proof our cities and environment. We provide strategic advisory, engineering, and design services to clients in the transportation, infrastructure, environment, building, energy, water, and mining sectors. Over 5,000 of WSP’s 66,000 trusted professionals are based in Australia, and we are united by the common purpose of creating positive, long-lasting impacts on the communities we serve through a culture of innovation, integrity, and inclusion. Sustainability and science permeate our work.