Login | Register
10/07/2019

WYG takeover completed

Words: Huw Morris
WYG takeover completed / iStock-858208356

The takeover of consultancy WYG has been formally completed, with the company announcing in the London Stock Exchange that trading in its shares has been cancelled.

US consulting engineering giant Tetra Tech bought the company in May for £43.4 million. The transaction was completed this week.

WYG has around 1,600 employees across UK, Europe, Africa and Asia, working across diverse sectors including planning, water, transport, infrastructure, the built environment, architecture, urban design, surveying, asset management, programme management, and international development.

In 2018, the company employed 115 chartered planners, accumulating fee income from planning services of £51.1 million.

However, the company – previously known as White Young Green – made a pre-tax loss of £5.3 million in the year to 31 March 2018 on revenue of £154 million. Earlier this year it issued a profit warning saying UK markets have been hit by the “current cautious business sentiment and political uncertainty”, leading to delays in investment decisions and the deferral of activity on some projects.

Tetra Tech has about 20,000 staff globally and has six offices in the UK. The company is worth around $3.64 billion.

Image credit | iStock

Tags