The engineering consultancy behind iconic buildings such as ANZ 833 Collins Street, PWC Freshwater Place and the Melbourne Convention Centre has been snapped up in the latest acquisition to hit the built asset market in Australia.
In a statement earlier this week, Montreal based infrastructure giant WSP Group said it had entered into an agreement to acquire Melbourne based Winward for an undisclosed sum.
The company said the acquisition, which is effective as of June 1, would build on an existing relationship between the companies which included collaboration on a number of Melbourne-based projects such as the Melbourne Convention Centre, Southern Cross Station, the Eastern Plaza at Melbourne Park and the Economics and Commerce Building at Melbourne University.
"We are very happy to welcome the WINWARD team as it fits very well in our development strategy and strengthens our leadership both in Australia and in buildings,” WSP managing director Andrew Mather said, adding that the buildings market in Australia was dynamic and that WSP was pursuing a multi-disciplinary model in the market.
“WINWARD's team has developed an expertise in the delivery of challenging projects, particularly of tall, slender towers, which complements the array of services we already offer in this market segment."
Winward chairman Kevin Winward said his firm looked forward to continuing the relationship with WSP and having its team of civil, structural and façade specialists continue to work alongside its new parent company’s building services teams.
For WSP, the latest acquisition builds upon deals earlier this year which saw the Canadian giant snapped up the French subsidiary of offshore oil and gas outfit Technip S.A. as well as fellow Canadian engineering and geomatics outfit Focus Group – the latter of which, with 1,700 staff, was a sizeable purchase.
The acquisition of Winward – whose areas of expertise include deep basements, tall and slender towers, large span structures, air-rights projects above rail or road and elegant architectural structures - will add a further 50 to WSP’s local workforce.