Canam Group acquires assets of InteliBuild Limited in Hong Kong

BOUCHERVILLE, QC, Jan. 19 /CNW Telbec/ - Technyx, a division of Canam Group that markets Building Information Modeling (BIM) services and the outsourcing of technical detailing resources, announced today that it has acquired assets of InteliBuild Limited located in Hong Kong as well as the right to use its trademark. The financial terms of the sale were not disclosed.

InteliBuild is well known for its consulting services to clients in Asia, China and the Middle East on construction projects that use BIM and 3D digital models. In 2008, the company received the BIM Award from Autodesk, a world leader in software design, for its work on the Cathay Pacific Cargo Terminal project in Hong Kong.

The newly created entity will now pursue its activities under the name of InteliBuild Technyx Asia, a joint venture in which Canam Group holds the majority of shares.

"Bringing the InteliBuild team on board will help us consolidate our position as a leading technical service provider in the construction sector, while broadening our activities on the Asian market," said Jean Thibodeau, president of Technyx. What's more, Technyx will be able to tap into InteliBuild's expertise and use it to offer cutting-edge BIM services to its North American and European customers.

InteliBuild managing director Ronan Collins will be at the helm of the new joint venture. "Our partnership with Technyx will provide financial stability and the managerial expertise needed to ensure our long-term growth and expand our service offerings," he stated. InteliBuild Limited was founded in 2003.

Canam Group

Canam Group is an industrial company operating 12 plants specialized in the design and fabrication of construction products and solutions. The company employs more than 2,500 people in Canada, the United States, Romania and India, and has partnerships with companies in Saudi Arabia, the United Arab Emirates and China.

SOURCE Canam Group Inc.

For further information: For further information: Jasmin Gosselin, Vice President, Communications, (450) 641-4000, jasmin.gosselin@canamgroup.ws; www.canamgroup.ws; www.technyx.ws


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