Business
Genivar increases its service offering in the oil and gas industry by way of the acquisition of GRB Engineering Ltd.
MONTREAL, March 1, 2012 /CNW Telbec/ - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Company")...
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[{"type":"text","content":"\n\n\n\n\n\nMONTREAL, March 1, 2012 /CNW Telbec/ - GENIVAR Inc. (TSX: GNV)\n (\"GENIVAR\" or the \"Company\") is pleased to announce the acquisition of\n GRB Engineering Ltd. (\"GRB\"), a Calgary-based, engineering firm\n specializing in engineering services and project management for the oil\n and gas industry. This acquisition adds 80 people to GENIVAR.\n\n\n\"We are very happy to welcome the GRB team as it fits very well in our\n development strategy and strengthens our leadership both in Alberta and\n in the oil and gas industry. GRB's team has developed an expertise in\n engineering and design, procurement and construction management (EPCM)\n services as well as project management which complements the array of\n services we already offer in this market segment,\" said John Nielsen,\n Senior Vice-President, Alberta of GENIVAR. \"The oil and gas industry is\n a flourishing, dynamic one, rich in opportunities. With such a diverse\n service offering, we expect to take part in many more projects in the\n coming years,\" he added.\n\n\n\"We are very proud to be joining GENIVAR since being part of a larger\n team with values similar to ours will give us the opportunity to\n accelerate our growth. Our businesses being complementary, the merger\n of our teams will create multiple new opportunities for our staff and\n clients,\" said Rick Giammarino, President and Chief Executive Officer\n of GRB. \"Through this transaction, we will play an active role in the\n continued development and growth of GENIVAR's multidisciplinary oil and\n gas group, with a clear focus on providing our clients with quality\n professional services and technical excellence,\" he added.\n\n\nABOUT GRB ENGINEERING LTD. \nFounded in 1999, GRB is an engineering firm specializing in engineering\n services and project management for the oil and gas industry. The firm\n offers a full range of engineering, procurement, and construction\n management (EPCM) services. GRB has provided Engineering services to\n small and large international companies such as Cenovus Energy, Terra\n Energy, Murphy Oil, Bonavista Petroleum, Devon Canada, Apache Canada,\n PennWest Petroleum, EnCana Corporation, Pengrowth Corporation, and\n Pioneer Canada, to name a few.www.grbeng.com\n\n\nABOUT GENIVAR INC.\nGENIVAR is a leading Canadian engineering company providing private and\n public-...