CHICOUTIMI, QC, April 11, 2012 /CNW Telbec/ - Cegertec President Jeannot Harvey and WorleyParsons CEO John Grill are proud to announce today that they have finalized an agreement resulting in the formation of new Joint Venture Company to be named Cegertec WorleyParsons. This transaction breaks new ground. Cegertec, a Québec family business and part of the Ceger Group, is joining a global enterprise resulting in the formation of a new entity in which the parties are equal partners.
Cegertec is allying its expertise and presence on the provincial scene with WorleyParsons' international network and experience in major projects. The new joint venture is poised to be a top player in handling large projects in Québec, notably under the Plan Nord, and in their traditional sectors: energy, industry (mines and metals), transportation, infrastructure and buildings. In addition, with a dynamic new partner, this joint venture will create a key capability center in Québec in mining and metals, and particularly in aluminium.
On the international scene, Cegertec teams will put their talent and expertise to work alongside WorleyParsons' teams on major projects internationally, notably in French Africa.
The new partners have appointed current Cegertec Vice President and General Manager Stéphane Leduc as president of Cegertec WorleyParsons. Mr. Leduc will focus on operational continuity and the development of Cegertec WorleyParsons future growth plans.
This joint venture will generate new business opportunities that will result in additional employment opportunities in Québec. Cegertec WorleyParsons currently employs 525 highly qualified individuals in nine offices throughout Québec. This is a momentous phase in Cegertec's history.
"To sustain its growth, Cegertec needed to move forward with major new projects. In order to do so, Cegertec needed to grow. We chose to do so with WorleyParsons, a renowned world class partner ideally suited to help us achieve future successes. I am especially proud that we have enticed this firm with our Québec entrepreneurial spirit while maintaining our current management to continue to build our future. This union opens the door to new possibilities and thrilling opportunities and challenges for our employees and clients", said Mr. Harvey, Eng. M.B.A.
"I am very pleased at Cegertec's decision to invest with WorleyParsons. Today, we are pooling our teams' exceptional talents into a major asset that will further catalyze the growth of our company. We are already well established in Canada, this partnership with a well-known and established Québec firm will allow us to draw on major existing synergies, particularly in the mining and metals sector", commented Mr. Grill on the reasons for the creation of the Joint Venture company.
This partnership between two leaders demonstrates a joint commitment to meet the needs and demands of a rapidly growing market and to set a new standard of professional services delivery.
Founded nearly 60 years ago, the consulting engineering firm Cegertec has been helping its clients meet their objectives by providing quality solutions in engineering and project management in five major activity sectors: energy, industry, transport, infrastructure and building construction. Renowned for the strength of its expertise, Cegertec generated 46 million dollars in revenues for the year ended November 30, 2011.
WorleyParsons is a leading provider of professional services to the resources and energy and complex process industries. WorleyParsons is a publicly traded company listed on the Australian Stock Exchange, with its corporate headquarters in Sydney, Australia. The company comprises 38,700 personnel, with 148 offices in 44 countries.
The company operates in Canada and eight other regions around the world: Australia East and New Zealand, Australia West, Asia China, Middle East, North Africa and India, Europe, Sub-Saharan Africa, United States and Caribbean and Latin America.
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