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GENIVAR Income Fund expands in Alberta with the acquisition of natural gas and oil facility design firm Tundra Engineering Associates Ltd.
GENIVAR Income Fund expands in Alberta with the acquisition of natural gas and oil facility desig...
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[{"type":"text","content":"\n\n\n\n Dec. 8, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, Dec. 8 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR"), a\n leading Canadian engineering firm, is pleased to announce the\n acquisition of Tundra Engineering Associates Ltd. ("Tundra"), a\n Calgary-based firm with a workforce of 150 employees. Tundra provides\n detailed design and project management services for pipelines and\n gathering systems, compressor stations, oil and gas batteries, gas\n processing plants and telemetry systems. Tundra currently provides\n services in the provinces of Alberta, British Columbia and\n Saskatchewan. As a result of this acquisition, GENIVAR now has a\n multidisciplinary team of over 500 employees in Alberta.\n\n\n"This is a great strategic addition for GENIVAR in our industrial\n market," said Pierre Shoiry, GENIVAR's President and CEO. "Tundra\n positions us exactly where we want to be in the oil and gas industry in\n terms of delivering upstream infrastructure projects for natural gas\n and oil facilities. Over the past 16 years, Tundra has built an\n excellent track record in this sector and its management team will\n continue to lead and grow this line of business within GENIVAR," he\n added. "We believe that oil and gas development, both conventional and\n unconventional, is poised for steady growth in the next decade and that\n GENIVAR will be well positioned to service Tundra's longstanding\n explor...