Press Releases

  • Monday, May 5, 2008
    GENIVAR Income Fund Acquires Doucet & Associés, a Telecommunications and Public Utilities consulting Firm

    MONTREAL, May 5 - GENIVAR Income Fund (the Fund) announced the acquisition of Doucet & Associés Conseils (Quebec) ltée (Doucet & Associés), an engineering-consulting firm specialising in telecommunications and utilities infrastructure.

    Doucet & Associés was founded in 1974 and has offices in Montreal and in Quebec City. The firm has 50 employees and has developed expertise in the field of telecommunications including outside networks, integrated distribution networks, switching and transmission, as well as public utilities infrastructure, including telephony cable networks, cable television, and electric power distribution, as well as IP telephony.

    "GENIVAR has a proven expertise in telecommunication tower design, and this acquisition complements our services. Moreover, the know-how in public utility infrastructure which Doucet & Associés brings, particularly in the area of power distribution, will enhance GENIVAR's expertise in municipal infrastructure projects. They also allow us to broaden our client base to include cable television, wireless telephony, and traditional telephone companies," said Pierre Shoiry, President and Chief Executive Officer of GENIVAR Income Fund.

    "Being part of the GENIVAR family will help us to develop and to position ourselves to obtain large-scale projects, and gain access to a comprehensive range of multidisciplinary services within one organisation," continued Mario Gosselin, President of Doucet & Associés. "We are now in a position to better respond to our clients' growing needs, and our employees will benefit from an access to new and stimulating career opportunities across the GENIVAR network," said Mr. Gosselin.

    Doucet & Associés established itself as the first telecommunications engineering-consulting firm over 30 years ago and has a solid client base, including Hydro-Québec, Vidéotron, TELUS, Bell Canada, Bell Aliant, Télébec, and the Government of Québec's General Directorate of Telecommunications Networks.

    GENIVAR is a leading Canadian engineering services firm, providing public and private sector clients with a full range of professional consulting services through all execution phases of a project, including planning, design, construction, and maintenance. Its clients are of varying sizes and fall into diverse market segments, including building, industrial and power, urban infrastructure, transportation, and environment. GENIVAR is one of the largest engineering services firms in Canada, in terms of number of employees, employing over 2,800 managers, professionals, technicians, technologists, and support staff, in over 60 offices in Canada and abroad. www.genivar.com

    Pierre Shoiry,
    President and Chief Executive Office,
    GENIVAR,
    (514) 340-0046, ext. 5104;
     
    Marlène Casciaro,
    Director,
    Communications,
    GENIVAR,
    (514) 340-0046, ext. 5184;

    Mario Gosselin, Eng.,
    President,
    Doucet & Associés Conseils (Québec) ltée,
    (418) 653-6404, ext. 226