Cantor Seinuk acquired by British firm.

The Cantor Seinuk Group ("CSG"), one of America's leading structural engineering consultants, has been acquired by WSP Group plc, a leading British multi-disciplinary property, land and construction consultant.

CSG is headquartered in New York and has extensive experience throughout the world in the design of major buildings across a wide range of sectors. The company employs 140 technical and support staff, and has an. order book conservatively valued [at in excess of $20 million. In the financial year to Dec. 31, 1999, turnover of CSG amounted to approximately $13. million, generating adjusted. profit before tax of $1.1 million. Combined net assets at that date amounted to approximately $3 million.

CSG is particularly renowned for its high rise buildings and has engineered some of the most famous buildings on the Manhattan skyline, including the 850 feet Trump World Tower, one of the world's tallest residential buildings, the 42 story pre-war style condominium at 515 Park Ave. and 50 story Crowne Plaza holiday Inn.

There is an increasing demand in Europe for larger, taller yet cost effective buildings and the acquisition will give WSP unrivalled expertise in this growing market. WSP is committed to developing its international business in order to take advantage of the globalisation of the market place. In the last year WSP has completed strategic investments in Africa and the Far East, and the American acquisition announced. today represents a further step towards developing WSP into a truly global business.

Last year, WSP's market capitalization topped $150 million for the first time, while turnover also surged through the $150 million mark. Pre-rax profits were a record $9.75 million -- up 38 percent on the previous year.

CSG already has an office in London, where it is working with clients on a number of major buildings in Canary Wharf including West India Quay, Canada Square and Heron Quays.