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# 🛠️ WSP Acquires Power Engineers for $1.8B. $360M+ VC Funding.
- URL: https://newsletters.qs.com/wsp-acquires-power-engineers-for-1-8b-360m-vc-funding/
- Published: 2024-08-13T12:07:28.000Z
- Updated: 2024-08-13T12:07:27.000Z
- Description: Daily Impact Deals #157 looks at major deals and M&A in impact industries, and upcoming economic releases.
- Author: QS
- Tags: Deals

[**Kia ora**](https://en.wikipedia.org/wiki/Kia%5Fora?ref=newsletters.qs.com)🥝  
  
📈 **Today's Global Economic Update:** Germany's ZEW Economic Sentiment [dropped to 19.2 points in August 2024](http://www.zew.de/?ref=newsletters.qs.com) from 41.8 points in July, the lowest in seven months, amid rising uncertainty amidst weak economic conditions.

**💊 Deal of the Day:** Third Arc Bio, a Massachusetts-based biotechnology company, raised a [$165M Series A](https://www.htworld.co.uk/news/life-sciences/third-arc-bio-launches-with-oversubscribed-165-million-series-a-financing-dd24/?ref=newsletters.qs.com) to advance the company through clinical studies.

**What's New?** 
**🌍 Climate.** Acquisitions  
**💻 Technology.** Gaming platform  
**🩺 Health.** Drug discovery and biotech  
📅 **Economics.** GDP data, employment data, inflation data + more

## **🌍** Climate

  
**🛠️ WSP Global**, a Canadian engineering firm, [acquired](https://www.theglobeandmail.com/business/article-montreals-wsp-global-acquires-us-consulting-firm-in-178-billion-cash/?ref=newsletters.qs.com) Power Engineers for $1.8B to strengthen its North American energy sector presence.  
  
**⚡ Tourmaline Oil,** agreed to [acquire](https://www.energyconnects.com/news/oil/2024/august/tourmaline-oil-to-buy-crew-energy-in-947-million-deal/?ref=newsletters.qs.com) Crew Energy Inc. for $947M as Canada's largest gas driller aims to boost production ahead of increased demand for power and exports.

## **💻** Technology

  
**🎮 FRVR,** a Lisbon-based game platform company, raised a [$12.7M](https://www.eu-startups.com/2024/08/lisbon-based-frvr-raises-e11-6-million-to-help-game-developers-create-faster-than-ever/?ref=newsletters.qs.com) funding round, The company will use the new funding to enhance its platform.

## 🩺 Health

  
**💊 Third Arc Bio**, a Massachusetts-based biotechnology company, raised a [$165M Series A](https://www.htworld.co.uk/news/life-sciences/third-arc-bio-launches-with-oversubscribed-165-million-series-a-financing-dd24/?ref=newsletters.qs.com) from Vida Ventures to advance the company through clinical studies to address significant unmet needs in oncology and autoimmunity.  
  
**🔬 Halda Therapeutics**, a Connecticut-based research-stage drug discovery company, raised a [$126M Series B](https://www.finsmes.com/2024/08/halda-therapeutics-raises-126m-in-series-b-extension-financing.html?ref=newsletters.qs.com) to advance their clinical trials.

## **📅** Economic Calendar

GDP Data, Employment Data, Inflation Data + More

### Tuesday, August 13th 2024

[🇬🇧 UK Unemployment Data, June](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇩🇪 Germany ZEW Economic Sentiment Index, August](http://www.zew.de/?ref=newsletters.qs.com)  
[🇺🇸 US PPI MoM, July](https://www.bls.gov/?ref=newsletters.qs.com)

### Wednesday, August 14th 2024

[🇬🇧 UK Inflation Data, July](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Inflation Data, July](http://www.bls.gov/?ref=newsletters.qs.com)  
[🇯🇵 Japan GDP Data (Preliminary), Q2](https://www.cao.go.jp/?ref=newsletters.qs.com)  
[🇨🇳 China Industrial Production Data, July](http://www.stats.gov.cn/?ref=newsletters.qs.com)  
[🇨🇳 China Retail Sales Data, July](http://www.stats.gov.cn/?ref=newsletters.qs.com)

### Thursday, August 15th 2024

[🇬🇧 UK GDP Data, June](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Retail Sales Data, July](https://www.census.gov/?ref=newsletters.qs.com)

### Friday, August 16th 2024

[🇬🇧 UK Retail Sales Data, July](http://www.ons.gov.uk/?ref=newsletters.qs.com)  
[🇺🇸 US Building Permits Prel, July](https://www.census.gov/?ref=newsletters.qs.com)  
[🇺🇸 US Michigan Consumer Sentiment Prel, August](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com)

### Monday, August 19th 2024

[🇦🇺 Australia RBA Meeting Minutes](http://www.rba.gov.au/?ref=newsletters.qs.com)

### Tuesday, August 20th 2024

[🇨🇦 Canada Inflation Data, July](http://www.statcan.gc.ca/?ref=newsletters.qs.com)  
[🇯🇵 Japan Balance of Trade, July](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com)

### Wednesday, August 21st 2024

[🇺🇸 US FOMC Minutes](http://www.federalreserve.gov/)

### Thursday, August 22nd 2024

[🇩🇪 Germany HCOB Manufacturing PMI (Flash), August](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)  
[🇯🇵 Japan Inflation Data, July](http://www.stat.go.jp/?ref=newsletters.qs.com)  

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