OREANDA-NEWS. WSP Global Inc.is pleased to announce that it has reached an agreement with the Board of Directors of Sweett Group plc, based in London, U.K., on the terms of a recommended cash offer pursuant to which WSP (or a direct or indirect wholly-owned subsidiary of WSP) will acquire the entire issued and to be issued share capital of Sweett (the "Acquisition"). The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the U.K. Companies Act (the "Scheme"). Under the terms of the Acquisition, Sweett Shareholders will be entitled to receive 35 pence (C$ 0.67) in cash for each Sweett Share held, valuing the entire issued share capital of Sweett at approximately GBP 24 million (C$ 46.1 million).

The offer price represents a premium of approximately:

 --  52.17 percent to the closing price per Sweett Share of 23 pence on 24  May 2016 (being the last business day prior to the date of this  announcement); and

--  73.58 percent to the six-month average price per Sweett Share of 20 pence (being the average closing price for the six month period ended on 24 May 2016 being the last business day prior to the date of this announcement).

 Sweett is an international business provider of professional services for the construction and management of building and infrastructure projects. Its services include quantity surveying/cost management, project management, building surveying and specialist and advisory services. Sweett employs approximately 600 people, mainly based in the United Kingdom. On April 26, 2016, Sweett released a trading update for the year ended March 31, 2016, which included the following information in relation to Sweett's current trading and prospects: "Trading in the year to March 31, 2016 in the Group's ongoing business (excluding MENA) which now predominantly comprises the UK has been strong with anticipated revenue of GBP 54.9 million representing growth of approximately 6.6 per cent (2015: GBP 51.5 million)."