Business
GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the aviation industry
GENIVAR Income Fund Acquires Pryde Schropp McComb Inc., an engineering firm specializing in the a...
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[{"type":"text","content":"\n\n\n\n Sep. 2, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nMONTREAL, Sept. 2 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR"), a leading Canadian engineering firm, is pleased to announce the acquisition of Pryde Schropp McComb Inc. ("PSMI"), an Ontario-based firm specializing in engineering, project management, planning and software solutions for the aviation industry. PSMI has a staff of over 40 employees based in offices in Ontario and Alberta and provides services to airports across Canada and internationally.\n"I would like to warmly welcome PSMI's staff into our team. PSMI has world-class expertise in the areas of engineering, project management and software solutions for the aviation industry", said Pierre Shoiry, GENIVAR's President and CEO. "PSMI will become GENIVAR's centre of excellence for the aviation industry. Its solid skills encompass all aspects of local, national and international airport operations and infrastructure (airside as well as landside), in addition to airport modelling and visualizations, noise studies and aviation planning and regulation. It has also developed and supports leading airport landing fee and revenue/lease management software (known as ALFA) and airport vicinity land use analysis and management software (AvGIS). PSMI will allow us to expand our client base in Canada as well as internationally. We expect to identify various attractive business opportunities stemming from our building engineering, transportation and environmental services, which are sure to meet the needs of PSMI's clients. GENIVAR is now positioned as a strategic partner of choice for aviation sector clients", he added.\n"Our team is very pleased to be joining forces with GENIVAR, not only because of the many business opportunities that will be opening up, but also because of our firms' shared affinities. Among other things, this acquisition will ensure the continuity of our ...