MONTREAL, Dec. 10 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR"), a
leading Canadian Engineering Firm is pleased to announce the
acquisitions of Aquapraxis Inc. ("Aquapraxis") and Hirschfield Williams
Timmins Ltd. ("HWT"), two specialized engineering firms. HWT is a
Victoria, British Columbia, based full service mechanical engineering
firm specialized in building systems. Aquapraxis is a niche firm based
in Laval, Québec, which offers recognized expertise in the areas of
urban hydrology, urban networks and water resource management. These
acquisitions add 27 people to the Fund.
"We are very pleased to welcome HWT and Aquapraxis within GENIVAR as
they both fit very well in our development strategy" said Pierre
Shoiry, President and CEO of GENIVAR. "HWT is the leading mechanical
firm on Vancouver Island and completes our building engineering
services group on the island while Aquapraxis reinforces our consulting
services in urban hydrology and water resource management".
"This is very exciting for Aquapraxis, as we now have access to the full
national and international network of GENIVAR. Joining GENIVAR gives us
the opportunity to add additional depth to an already excellent team in
the areas of urban hydrology and water resources" said Gilles Rivard,
President of Aquapraxis.
For Mark Williams, President of HWT, "Joining GENIVAR is a logical step
and a great fit, as our mechanical engineering services complement the
structural and electrical services of GENIVAR on Vancouver Island.
Furthermore, we will be better positioned to develop our services
throughout British Columbia and Western Canada through the GENIVAR
About Aquapraxis Inc.
Aquapraxis Inc. was founded at the beginning of the new millennium to
address needs in hydrology and hydraulics studies for environmental
management of water resources and, more specifically, stormwater
management in urban areas. Aquapraxis specializes in analyzing complex
hydraulic problems and gives seminars on key topics relating to
rainwater management. The firm also develops specific IT applications
in line with its clients' needs. Aquapraxis' two founders, Gilles
Rivard, Eng., M.Sc. and Pierre Dupuis, Eng., M.Sc., are recognized in
consulting engineering and specific circles as experts in their
respective fields. They have authored a large number of publications,
including an excellent reference work on rainwater management in urban
Hirschfield Williams Timmins Ltd. is a Victoria-based full service
mechanical engineering firm specializing in building systems. Through
quality of service the firm has grown in size and depth to become the
largest mechanical consulting office operated on Vancouver Island. HWT
offers mechanical consulting services for universities, health care
operators, schools, the recreation and hospitality industry, and
institutional operators, including laboratories, clean rooms, airport
facilities, boiler plants, light industrial, office, commercial and
aquaculture facilities. A staff of twenty-three people, comprised of
fifteen designers and eight technical support/administration provides a
diverse group with deep experience and skills, with substantial
experience in a wide variety of projects ranging from small renovations
to major new facilities.
GENIVAR is a leading Canadian engineering services firm providing
private and public-sector clients with a comprehensive 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 and energy, municipal infrastructure, transportation and
environmental sectors. GENIVAR is one of Canada's largest engineering
services firms based on number of employees, with more than 4,500
managers, professionals, technicians and technologists and support
staff in more than 85 locations in Canada and internationally.
SOURCE GENIVAR Inc.
For further information: For further information:
President and CEO
GENIVAR Income Fund
Vice-President, British Columbia
GENIVAR Income Fund
Hirschfield Williams Timmins Ltd.