WSP Global Inc. (“WSP” or the “Corporation”) is pleased to announce that the shareholders of POWER Engineers, Incorporated (“POWER”) voted at their special meeting of shareholders in favour of the proposal to approve the previously announced acquisition of POWER by WSP (the “Acquisition”) pursuant to an agreement and plan of merger dated as of August 12, 2024 between WSP and POWER, among others.
The Acquisition received overwhelming support from POWER shareholders and was approved by over 99% of POWER shares voted at the special meeting, representing approximately 99% of the total issued and outstanding shares of POWER voted in favour of the Acquisition. This step marks an important milestone towards welcoming the POWER team to WSP.
Closing of the Acquisition remains subject to certain customary closing conditions, including receipt of regulatory approval in the U.S. The Acquisition is expected to be completed early in the fourth quarter of 2024.
