MONTREAL, April 18 /CNW Telbec/ - Dessau Inc., one of Canada's leading
engineering-construction firms, is pursuing its expansion in Latin
America by acquiring Compañía de Estudios e Interventorías Ltda. (CEI),
an engineering firm based in Bogota, Colombia.
"The acquisition of CEI represents another promising experience for
Dessau and strengthens our presence in Latin America. In addition to
Chile and Peru, where Dessau is already active, Colombia demonstrates
strong economic potential thanks to business opportunities,
particularly in the transportation and energy infrastructure sectors.
With 350 employees, the Bogota office is strategically located for our
operations and future development in South America. In addition, CEI's
50 years of experience in the oil and gas sector complement and enhance
our range of services," stated Mr. Jean-Pierre Sauriol, President and
CEO of Dessau.
According to Mr. Hermann Montenegro, General Manager of CEI, "This
collaboration will help ensure the company's future while broadening
the scope of our business throughout the country and internationally.
We are pleased to join forces with Dessau which, like us, is backed by
more than 50 years of excellence and a strong reputation in South
Dessau's first incursion into Latin America was in Peru's energy sector
in 1995. The company went on to acquire a major Chilean firm in 2004.
For more than 15 years, Dessau has been contributing to the economic
development of the Latin American countries in which it operates by
investing in the local workforce and responding to infrastructure
needs. The CEI acquisition brings Dessau's total number of employees in
Latin America to 800.
Founded in 1960, Compañía de Estudios e Interventorías Ltda., a
privately held company with 350 employees, is one of Colombia's top 10
engineering firms. The company specializes in transportation, energy
and the oil and gas sectors. It also offers water management and urban
development services. CEI has won several national awards in
recognition of its work.
Founded in 1957, Dessau is the fifth-largest engineering-construction
firm in Canada and one of the top 60 in the world. With expertise in a
wide range of fields related to engineering and construction, Dessau
plans, designs, builds and manages infrastructure for clients in the
private and public sectors. Dessau employs nearly 5,000 people and
posts annual revenues of $660 million. The company operates 70 offices
in Canada in addition to several other countries. Dessau has been
active in Latin America for more than 15 years and maintains permanent
offices in Chile, Colombia, Costa Rica, Peru, as well as the Dominican
Republic and Trinidad and Tobago in the Caribbean.
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SOURCE DESSAU INC.
For further information:
Director - Communications Dessau Inc.
Tel.: 514.281.1033, ext. 2032