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GENIVAR Income Fund Acquires Phoenix Engineering, Establishing a Presence in Calgary and Positioning GENIVAR as a Key Player in the North American Wind Power Market
MONTREAL, Feb. 5 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is pleased to announce the acqu...
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[{"type":"text","content":"\n\n\n\nMONTREAL, Feb. 5 /CNW Telbec/ - The GENIVAR Income Fund (GENIVAR) is\npleased to announce the acquisition of Phoenix Engineering Inc. (Phoenix), a\nWestern Canada-based wind power consulting firm with offices in Calgary and\nMontreal. As a result of this acquisition, GENIVAR adds on 40 specialized\nemployees in wind power and establishes itself in Calgary.\n\n\nThe firm has over 20 years' experience in the areas of wind resource\nmonitoring and assessment and wind farm design. Phoenix provides consulting\nservices to owners and lenders, who collectively operate over 80% of the\ninstalled wind power capacity in Western Canada and nearly 40% nationwide.\n\n\n"GENIVAR is now Canada's largest wind power consulting company, offering\na one-stop approach for integrated services in engineering," said\nPierre Shoiry, GENIVAR's President and CEO. "We will offer cutting-edge data\nmanagement expertise backed by WindServer(TM) technology, meteorological tower\ninstallation, performance testing, project due diligence, feasibility analysis\nand development coordination, as well as providing detailed engineering and\nenvironmental services to our clients across North America," he added.\n"GENIVAR further reinforces its wind power centre of excellence, driving\ncompany growth in this market segment. These skills and competencies enable us\nto take on a strategic partnership role with our clients in their project\ndevelopment."\n\n\n"Phoenix and GENIVAR have already worked together on a wide range of wind\nprojects, and we complement each other very well," said David Baker, Phoenix's\nPresident. "Our clients will benefit from synergies created by two like-minded\norganizations, while our employees will gain access to exciting new career\nopportunities within GENIVAR's expanded network."\n\n\n"Joining forces with GENIVAR gives us new momentum and brings us to the\nnext level of our development," added Mr. Baker, who will serve as GENIVAR's\nVice President of Wind Power. "GENIVAR's business model, with its\nentrepreneurial focus, fits perfectly with our own approach. We also share\ncore values such as service quality and professionalism. The future looks very\nbright, with ample team and client development opportunities."\n\n\nAbout Phoenix\n\n\nFounded in 1985 by David...