COMPANY PROFILE -WSP Global
Business Sector :Engineering, Professional Services
Operating Geography :Canada, North America, Global
About WSP Global :
WSP Global Inc. is 130 year old Canadian company founded in 1959. With the help of its expert engineers and professionals, the company provides services such as designing, engineering consulting, environmental consulting and professional services to deliver successful and sustainable projects. WSP has its presence in Canada, United States, Latin America and the Caribbean, Europe, Middle East, India and Africa and Asia-Pacific, with its headquarters in Montreal Canada. The company invests in technology and innovation to strengthen its market position. It has initiated a program called Future Ready which aims to create a sustainable, prosperous and resilient society. The four main areas in this program include climate, society, technology and resources. WSP was selected for Helsingborg Smart City project. It provided smart designs and delivered wide range of services including consulting and project management. WSP also believes in acquiring major companies to increase its global presence. In 2021, the group completed the acquisition of Enterra Holdings Ltd., to achieve the 2019-2021 Global Strategic Plans. As of December 2020, the group has 47,000 employees, globally.
WSP Global Inc.’s unique selling proposition or USP lies in being the world’s leading engineering professional services firm. WSP Global Inc.’s mission statement reads, “We are problem-solvers who evolve, improve, modernize and excel. We know our solutions will shape the communities of tomorrow and help societies thrive sustainably. We embrace change and have an uncompromising determination to achieve excellence.”
WSP Global Revenue :
$ 8803.9 million - FY ending 31st December 2020 (y-o-y growth -1.3%)
$ 8916.1 million - FY ending 31st December 2019
Competitive Analysis of WSP Global
The SWOT analysis for WSP Global is presented below in a table followed by the detailed analysis report.
Strengths | Weaknesses |
1. Strong global presence with over 130 years heritage
2. Wide variety of services provided by the company.
3. Strategic acquisitions providing long term growth of the company.
4. The company has a strong goodwill in the market.
5. Technological advancements and innovations promote high quality products.
| 1. Allegations of violation of Anti-Terrorism Act leading to a lawsuit
2. Dependence on a large number of third-party suppliers and sub-consultants
|
Opportunities | Threats |
1. Acquisition of Golder Associates provides the potential for growth in the environmental sector.
2. GeoVerra JV scope for growth in the Canadian geomatics sector
| 1. Fixed price contracts and cost-plus contracts with ceilings increase the risk to the company
2. Fluctuations in weather conditions and natural disasters impact the operations of the company
3. The Covid-19 pandemic could continue to negatively impact the business
|
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Detailed SWOT Analysis of WSP Global
Strength
This section is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
1. Acquisition of Golder Associates provides the potential for growth in the environmental sector: In December 2020, WSP Global entered into an agreement for the acquisition of Enterra Holdings Ltd. by taking over all the issued and outstanding shares. Enterra Holdings Ltd. is the holding company of Golder Associates. Golder Associates is a global engineering and consulting firm with 60 years of experience in providing earth sciences and environmental consulting services and had around 7000 employees. The company provided engineering, regulatory and compliance, remediation, design and environmental services to clients in different market sectors like mining and manufacturing. It operated in 155 offices across more than 30 countries globally. The aggregate cash consideration paid for the acquisition of Golder Associates is US$ 1.14 billion. Golder Associates will contribute to the strategic growth and value creation of the company in the future.
2. GeoVerra JV provides scope for growth in the Canadian geomatics sector: In fiscal 2020, WSP collaborated with Altus Group limited to launch GeoVerra Inc., a leading Canadian geomatics firm. Both the companies combined their geomatics business units and launched the organization. It was formed to deliver services such as surveying, forestry, and geospatial solutions to the clients of various industries. This joint venture will act a massive opportunity for WSP has will help the group to expand its geographic presence in Canada and strengthen its position in geomatic sector. In addition, it will also help the group to leverage new customers, hence making a strong financial position in the market. GeoVerra has its offices in 29 cities and town across Western Canada and Ontario.
Threat
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The PESTLE analysis for WSP Global is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. Political tensions with China leading to side-lining of Huawei impacting telecom players | 1. US-China trade war will materially impact the company
2. Fluctuations in the foreign exchange currency will impact the net earnings of the company
|
Social | Technological |
1. Recruitment of skilled and qualified engineers an increasing challenge | 1. Optimizing digital asset data in transport and infrastructure.
2. Leveraging 3D laser scanning technology to create accurate proximity data.
3. Use of technology to avoid bridge failures by transmission of data related to structural integrity.
|
Legal | Environmental |
1. Subject to complex public procurement laws and regulations
2. Subject to data privacy and cybersecurity laws like the General Data Protection Regulation
| 1. Increased focus towards reduction of greenhouse gases |
On purchase the WSP Global SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 4 hours might be caused.
Detailed Pestle Analysis of WSP Global
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
1. Optimizing digital asset data in transport and infrastructure: The process of resource allocation, optimization and allocation is known as asset data management. A multidisciplinary approach to centralize the management of large and complex datasets from several sources is called Digital Asset Data Management. Assessment of business processes, systems and technologies is required for optimizing data integrity which is controlled and monitored from a single viewpoint. WSP Global plays a significant role in the development and growth of advanced asset management practices worldwide. It helps client solve real world challenges and improve the services they provide with the help of economic and efficient use of asset management. The company’s digital asset data management provides clients with better insights into the existing operations and also provides scope for new developments. The company’s customized solutions use digital technologies for a smart, cost effective and accurate asset information management tool.
The remaining section under "Technological" is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- Quanta Services, Inc.
- AECOM
- MasTec, Inc.
- EMCOR Group, Inc.
- Valmont Industries, Inc.
Major Brands :
- Berger Group Holdings, Inc.
- Golder Associates
- kW Mission Critical Engineering, D.P.C.
- LT Environmental Inc.
- WSP Group Limited
- Leach Wallace Associates, Inc.
On purchase the WSP Global SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 4 hours might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Check Out Analysis of Other Relevant Companies
References used in WSP Global SWOT & PESTLE Analysis Report
1. Our Story | WSP - https://www.wsp.com/en-GL/who-we-are/our-story
2. Number of WSP Global employees 2020 - https://www.statista.com/statistics/810877/wsp-global-number-of-employees/
3. WSP 2020 Annual Report – Expanding Opportunities | WSP - https://www.wsp.com/en-GL/investors/reports-and-filings/annual-report?utm_source=IR-Reports-Filings&utm_medium=Button-Featured-Report-EN&utm_campaign=annual-report-2020&utm_content&utm_term
4. Digital and Technology Services | WSP - https://www.wsp.com/en-GL/hubs/digital
5. Technology and Innovation | WSP - https://www.wsp.com/en-GL/services/technology-and-innovation
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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WSP Global SWOT and PESTLE analysis has been conducted by Shreya Gupta and reviewed by senior analysts from Barakaat Consulting.
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