MONTREAL, Feb. 4 /CNW Telbec/ - TSX: GNV - GENIVAR Inc. ("GENIVAR") is
pleased to announce the acquisition of Delcom Engineering Ltd.
("Delcom"), a firm specialized in consulting engineering and land
surveying. Delcom is located in Summerside, Prince Edward Island (PEI)
and has a second office location in Charlottetown. This acquisition
adds 15 people to GENIVAR.
"We are very pleased to welcome Delcom within GENIVAR as it fits very
well in our development strategy and strengthens our leadership in
Atlantic Canada," said Stephen Wallace, Vice-President, Atlantic Canada
of GENIVAR. "Through this acquisition, we are reinforcing our approach
of being a global player with a strong local presence," he added.
"GENIVAR is the perfect fit for us. Our culture and values are
completely aligned and our strong entrepreneurial spirit is matched by
that of GENIVAR, enabling us to continue to offer practical and
innovative solutions to our clients in the manner that they have come
to expect," said Clark Baglole, one of the founding partners of Delcom.
About Delcom Engineering Ltd.
Delcom, which was founded in 1983, has over 25 years of experience in
delivering practical and effective solutions to clients. Delcom is a
leading single-source provider of professional engineering, planning,
and land surveying services. The multidisciplinary nature of the firm
means that clients receive full-service solutions that are creative and
About GENIVAR Inc.
GENIVAR is a leading Canadian engineering services firm providing
private and public-sector clients with a complete range of professional
consulting services throughout all project phases, including planning,
design, construction and maintenance. Ranging in size and scope,
GENIVAR's clients primarily operate in the building, industrial, power,
municipal infrastructure, transportation and environmental sectors.
GENIVAR is one of Canada's largest engineering services firm by number
of employees, with more than 4,500 managers, professionals,
technicians, technologists and support staff in more than 85 offices in
Canada and internationally.
Certain information regarding GENIVAR 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. Although
GENIVAR believes that the expectations reflected in such
forward-looking statements are reasonable, it 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. GENIVAR's forward-looking statements are expressly
qualified in their entirety by this cautionary statement.
SOURCE GENIVAR INC.
For further information:
Vice President, Atlantic Canada
Tel : (902) 835-9955
Director, Corporate Communications and Investor Relations
Tel: (514) 340-0046, ext. 5648
Delcom Engineering Ltd.
Tel: (902) 436-2669