RPS is latest London-listed company to fall victim to US takeover

Economy
By Liam

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Environmental consultancy RPS is the latest London-listed company to fall victim to a US takeover – as pound weakness attracts overseas predators

By Daily Mail City & Finance Reporter

Published: 21:50 BST, September 25, 2022 | Updated: 21:50 BST, September 25, 2022

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Environmental consultancy RPS is the latest London-listed company to fall victim to a US takeover – as the pound’s weakness attracts overseas predators.

RPS has signed a deal worth £636 million with Tetra Tech, a California-based engineering firm.

Acquisition: RPS has signed a £636m deal with Tetra Tech, a California-based engineering firm

Acquisition: RPS has signed a £636m deal with Tetra Tech, a California-based engineering firm

Tetra Tech’s bid of 222p trumps a previously agreed offer from Canada’s WSP Global, which was working on the construction of the Shard office building in London, for 206p per share.

Based in Abingdon, Oxfordshire, RPS Group has approximately 5,000 employees in 125 countries.

It advises the real estate, energy and water sectors on environmental issues.

Chief executive John Douglas said, “Joining Tetra Tech represents a very attractive combination of two industry leaders for our customers.”

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