Business
The GENIVAR Income Fund Acquires Two Quebec City-based Engineering Consulting Firms
The GENIVAR Income Fund Acquires Two Quebec City-based Engineering Consulting Firms.
About this update from Wsp Global Inc
[{"type":"text","content":"\n\n\n\nQUEBEC CITY, Sept. 26 /CNW Telbec/ - The GENIVAR Income Fund ("GENIVAR")\nis pleased to announce the acquisition of two Quebec City-based firms:\n\n\n- Andre Simard et associes ltee ("ASA"), specializing in landfill site\n design, environment and municipal infrastructure.\n- TERRA experts conseils inc. ("TERRA"), specializing in municipal\n infrastructure.\n\n\nGENIVAR has a staff of more than 2,100 employees in Canada and overseas,\nincluding nearly 450 employees in the Quebec City region.\n\n\n"Joining forces with ASA and TERRA will enable us to consolidate our\nexpertise in municipal infrastructure and environment. It also reaffirms\nGENIVAR's status as one of the Canadian leaders in this sector. There is a\nvery important need for municipal infrastructure renewal and development\nacross Canada in areas such as drinking water treatment and distribution,\nwastewater treatment and waste management," said Pierre Shoiry, GENIVAR's\nPresident and Chief Executive Officer. "Cities and municipalities are\ninvesting massively in infrastructure renewal and development projects. That\nis why we will continue to take part in these projects in the future. The\naddition of these two companies will broaden our client base," said\nPierre Shoiry.\n\n\nCentre of excellence in landfill site design\n\n\nASA has developed world-class expertise in the area of landfill site\ndesign and management. The firm's experts have worked on the vast majority of\ntechnical landfill projects in the province of Quebec. In addition, ASA's\nbioreactor approach has fostered the development of advanced waste treatment\ntechnology. "We will be expanding our service offer by tapping into ASA's\nexpertise in landfill site design and biogas recovery," added Mr. Shoiry.\n"GENIVAR's Quebec City office is becoming a centre of excellence in these\nhighly specialized areas and will continue to develop its expertise in\nassociation with our Canada-wide network of offices. As it leverages these key\nassets, GENIVAR will be looking to play a strategic partnership role alongside\ncompanies operating in the waste collection and management sector, in addition\nto urban and municipal waste management. GENIVAR is positioned to provide a\ncomprehensive range of services in support of our clients' operations and...