Mr. Alexandre L'Heureux reports

WSP ACQUIRES PROXION PLAN AND PROXION PRO, STRENGTHENING ITS CRITICAL RAILWAY INFRASTRUCTURE EXPERTISE IN FINLAND

WSP Global Inc. has acquired Proxion Plan Oy and Proxion Pro Oy, both Finnish companies and subsidiaries of Proxion Oy.

With their combined work force of 150 employees, Proxion Pro and Proxion Plan form one of Finland's largest rail consultancies and offer a range of railway and railway system design services, including traffic and energy services, as well as safety and security expertise.

The acquisition adds key rail expertise in Finland to WSP's strong transport and infrastructure capabilities in the Nordics and strengthens WSP's market position and ability to lead large-scale projects in the Finnish market.

"I would like to extend a warm welcome to Proxion's talented professionals. By combining our respective expertise and teams, we aim to elevate our capabilities, broaden our portfolio and strengthen our market position in Finland," said Alexandre L'Heureux, president and chief executive officer of WSP Global. "Together, we will be able to seize the most significant and demanding opportunities in the transport and infrastructure sector."

Anna-Lena Oberg-Hogsta, CEO of WSP's Nordics region, and Harri Yli-Villamo, managing director of WSP in Finland, jointly commented on the transaction: "We are delighted to welcome Proxion's rail experts to our work force and are eager to join forces to offer expanded rail and advisory services. As the Finnish rail market continues to thrive, WSP's expanded expertise will play a pivotal role in supporting sustainable investments in mobility as part of the green transition."

"Combining Proxion's forward-thinking railway approach with WSP's recognized transport and infrastructure capabilities will allow Proxion's professionals to support clients' multidisciplinary project needs and create additional opportunities to expand their network and impact," said Petri Puikkonen, founder of Proxion.

About WSP Global Inc.

As one of the largest professional services firms in the world, WSP exists to future-proof cities and the environment. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. Its 66,500 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity and inclusion. In 2023, WSP reported $14.4-billion in revenue. The corporation's shares are listed on the Toronto Stock Exchange.

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