- Business
- Ricardo plc is a global strategic, environmental, and engineering consultancy specializing in sustainable solutions across transport, energy, and environmental sectors. Founded in 1915 and headquartered in the United Kingdom, Ricardo provides a broad range of services including consulting and advisory, design and engineering services, testing and certification, program management, and niche manufacturing. The company operates in over 20 countries across Europe, North America, Asia, Australia, and the Middle East, delivering expertise in clean energy, electrification, hydrogen fuel cell technology, defossilised fuels, and decarbonization for sectors such as road, rail, maritime, and aviation. Ricardo also supports aerospace OEMs, airframers, and tiered suppliers with engineering and manufacturing services for fixed-wing, rotary, eVTOL, and UAV platforms for both commercial and defense applications. Major recent changes include Ricardo's acquisition by WSP Global Inc. in October 2025, which strengthens its presence in advisory, energy transition, water solutions, and rail markets while accelerating strategy execution in high-growth sectors. Additionally, Ricardo announced a strategic intent to divest its defense business to focus more deeply on environmental and energy transition consulting, with plans to reinvest divestment proceeds in high-margin, lower-capital environmental consulting opportunities. This transition aligns with the company’s strategic vision to become a world-leading consultancy in environmental and energy sectors while maintaining a century-long reputation for engineering excellence and innovation. Ricardo employs approximately 2,600 staff globally and is listed on the London Stock Exchange under ticker RCDO.L. The integration with WSP aims to expand its geographic footprint and enhance its capacity to provide complex, sustainable, and smart mobility and energy solutions globally.