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Report: Engineering firm WSP approaches Aecom about possible deal

Canada-based construction and engineering services firm WSP Global Inc. approached Los Angeles-based competitor AECOM about a potential deal, Bloomberg News reported, citing people familiar with the matter.

The Los Angeles-based firm was valued at about US$7.7 billion as of Jan. 14, while WSP's market value was about C$9.9 billion.

Aecom agreed in October 2019 to sell its management services division to affiliates of private equity firms Lindsay Goldberg LLC and American Securities LLC for a reported sum of $2.4 billion.

Representatives for Aecom and WSP did not immediately respond to Bloomberg's requests for comment.