Montreal - WSP Global Inc. (TSX: WSP) ('WSP'), one of the world's leading professional services firms and Altus Group Limited (TSX: AIF) ('Altus Group'), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today that the previously announced transaction to combine their respective geomatics business units has closed.

The combined entity launched as GeoVerra Inc., forming a leading Canadian geomatics firm with offices in Western Canada and Ontario.

With offices in 29 cities and towns across Western Canada and Ontario, GeoVerra is well equipped to serve its clients by offering a broad variety of geomatics services across the country. Through the combination, GeoVerra has the expertise and scope to take on large, complex projects, while remaining agile to be competitive at the local level for smaller projects.

GeoVerra will be led by John Nielsen as Chief Executive Officer, who served as Vice President, Operations, Infrastructure, at WSP Canada, and Mitch Ettinger as Chief Operating Officer, who was President of Altus Group's Geomatics business unit.

'After months of hard work, we're very excited to officially launch GeoVerra to provide our industry-leading geomatics solutions and services to new and existing partners across Canada,' commented John Nielsen. 'We have brought together a world-class team in the areas of land surveying, mapping, forestry, and geospatial technology across diverse industries. Our mission is to provide outstanding service that employees are proud of, that our clients will recommend to others, and that leave a positive impact on the communities that we serve.'

ABOUT GEOVERRA

Founded in 2020, GeoVerra is one of Canada's largest geomatics firms with offices across Western Canada and Ontario providing land surveying, forestry, and geospatial solutions to clients in diverse industries. As a team, we are committed to exceeding expectations with our service-backed reputation for responsive, efficient, solutions-based performance.

ABOUT ALTUS GROUP LIMITED

Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,250 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants.

ABOUT WSP

As one of the world's leading professional services firms, WSP provides engineering and design services to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Power & Energy, Resources and Industry sectors, as well as offering strategic advisory services. WSP's global experts include engineers, advisors, technicians, scientists, architects, planners, environmental specialists and surveyors, in addition to other design, program and construction management professionals. Our talented people are well positioned to deliver successful and sustainable projects, wherever clients need us.

FORWARD-LOOKING STATEMENTS

Certain information regarding WSP and Altus Group contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact, as well as the fact that closing of the transaction is conditioned on certain events occurring, including finalization of definitive documentation. Although WSP and Altus Group believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. WSP's and Altus Group's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The complete version of the cautionary note regarding forward-looking statements as well as a description of the relevant assumptions and risk factors likely to affect WSP's and Altus Group's actual or projected results are included in their Management's Discussion and Analysis for the quarter ended March 31, 2020, which are available on SEDAR at www.sedar.com.

Contact:

Claire Masikewich

Tel: (403) 862-3348

Email: claire.masikewich@geoverra.com

(C) 2020 Electronic News Publishing, source ENP Newswire