50 years of history, new company name, one of Canada's 50 best-managed companies, 15 acquisitions in 10 years, revenue tripled in 5 years



    Dessau looks to the future with a growth-focused business plan and
    projected annual revenue of $500 million within two years

    LAVAL, QC, Sept. 27 /CNW Telbec/ - Engineering firm Dessau announced
today that it is starting its second 50 years with a new company name and a
bold business plan that will generate further growth and increase annual sales
from the current $350 million to $500 million over the next two years.
Dessau's top management invited all its employees and clients to a major
gathering yesterday and today to unveil its new name, offer them a book on the
company's history and announce its growth plan. Today, Dessau-Soprin
officially becomes Dessau.
    "Dessau is the second-largest engineering firm in Québec, fifth-largest
in Canada and ranks among the top 100 in the world. We will remain focused on
steady growth," said Jean-Pierre Sauriol, Dessau's President and CEO.
Mr. Sauriol noted that the Laval-based engineering firm has made 15
acquisitions in recent years and plans to make more in the coming months.
Dessau has handled thousands of projects since it was founded 50 years ago.

    50 years of history

    Dessau's first 50 years were marked by a number of events. From the
immense worksite in James Bay in the 1970's to the smooth transition in
leadership in 1992 when founder Paul-Aimé Sauriol transferred management of
the company to his son Jean-Pierre, to the merger with Soprin in 1998 that
gave the firm new momentum, to the opening of offices in other parts of the
world and execution of major construction projects, Dessau is a Quebec-based
company that became international. And it did so by financing its own growth
and acquisitions and retaining its financial independence. The firm's capital
is now held by 178 employees, managers and officers.

    Sustained growth and excellence

    CEO Sauriol said that over the next few years the firm will grow mainly
in Canada, and on the international scene in North Africa, South and Central
America and in the Caribbean. The firm also plans to consolidate its presence
in Quebec and further develop its construction and operating divisions.
    Dessau is proud of its outstanding employee satisfaction rate of 94%. "We
treat our employees with consideration and respect and give them a lot of
responsibility," said Jean-Pierre Sauriol, adding that Dessau has received
more than 60 excellence awards since it was founded. "Credit for this
excellent record must go to the 3000 men and women who today constitute the
heart and brains of Dessau," he added.

    Integrated approach

    Dessau has developed solid expertise in a number of growth areas,
including geotechnics, hydroelectricity, telecommunications, urban
development, sustainable development, building and transportation. But what
distinguishes it from its competitors is it innovative project management and
execution. "We have worked closely with our partners and other stakeholders to
develop a unique integrated approach that clients are pleased with and which
significantly reduces their costs," noted Jean-Pierre Sauriol. He plans to put
even greater emphasis on Dessau's integrated service offering to attract more
international clients.

    About Dessau

    Founded in 1957, Dessau is the second-largest engineering firm in Québec,
fifth-largest in Canada and ranks among the top 100 in the world. With annual
sales of C$350 million and some 3000 employees, Dessau handles 4000 projects a
year. The Laval-based firm has offices in 40 cities, as well as Algeria,
Chile, Peru, Dominican Republic and Costa Rica. It operates mainly in building
engineering, construction, urban development, energy, sustainable development,
geotechnics, transportation, telecommunications and urban planning. Dessau is
one of Canada's "50 best-managed companies."


    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/




For further information:

For further information: Katia Reyburn, Dessau, (514) 281-1033 x 2814;
Source: Serge Vallières, AGC Communications, (514) 849-7000 x 223, (514)
892-7205

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Dessau Inc.

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