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GENIVAR Income Fund expands its presence in Ontario in acquiring a multidisciplinary firm based in Thunder Bay
GENIVAR Income Fund expands its presence in Ontario in acquiring a multidisciplinary firm based i...
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[{"type":"text","content":"\n\n\n\nFeb. 1, 2010 (Canada NewsWire Group) -- MONTREAL, Feb. 1 /CNW Telbec/ -- The GENIVAR Income Fund (\"GENIVAR\"), one of Canada's leading consulting engineering firms, is pleased to announce the acquisition of V.B. Cook Co. Limited (\"Cook Engineering\"), Northern Ontario's largest independent multidisciplinary consulting engineering firm, with over 110 employees based in Thunder Bay. As a result of this acquisition, GENIVAR now has a workforce of more than 900 employees in Ontario.\"We are very pleased to welcome Cook Engineering as part of the GENIVAR team. This acquisition enables us to expand our presence in Ontario, especially in the northern region of the province,\" said Pierre Shoiry, GENIVAR's President and CEO. \"Cook Engineering's solid expertise, particularly in the mining, renewable energy and transportation sectors, will enable us to strengthen our expertise in these areas. Its depth of mining experience also bodes well for the future, given the increasing demand in the sector, which is gradually stepping up production and undertaking infrastructure investments in Canada and internationally. In addition, clean renewable energy using forest and other biomass resources as fuel for power generation, especially cogeneration applications, is increasingly being used to reduce greenhouse gas emissions,\" he added. \"Cook Engineering's expertise in this area will complement GENIVAR's strength addressing client needs in green energy projects. Cook Engineering also provides innovative engineering services to the transportation and building sectors. Both of these market segments will remain robust in the coming years thanks to infrastructure investment programs undertaken by governments at all levels,\" he concluded.\"This acquisition is strategic and together, we will be much better positioned to serve our clientele in northern Ontario, a dynamic region where both firms have strong roots and close ties with their respective clienteles,\" said Marz Kord, GENIVAR's Senior Vice-President for Western and Northern Ontario. \"GENIVAR's Northern Ontario network includes offices in Thunder Bay, Timmins, Sault Ste. Marie and Sudbury. As a key player in engineering in this region, we will be continuing to expand our platform in all of our market segments. Cook Engineering has a large project portfolio, as well as a loyal client ...