Press Releases

  • Tuesday, October 11, 2011
    Genivar acquires Le Groupe GIROUX, a leading Quebec-based geomatics and surveying firm

    MONTREAL, Oct. 11, 2011 - GENIVAR Inc. (TSX: GNV) ("GENIVAR"), one of Canada's leading consulting services companies, announced today that it has acquired Le Groupe GIROUX ("GIROUX"), a Quebec-based geomatics and surveying firm. GIROUX has a workforce of 85 employees.

    "GIROUX's expertise will enable us to building a solid platform in Quebec in the fields of both land and construction surveying, as well as in sea-bottom surveying, through their bathymetry expertise," said Eric Tremblay, GENIVAR's Vice-President, Eastern Quebec. "This expertise, which we already possess in other parts of Canada, will reinforce our range of client services in Quebec, thereby positioning us as a pan-Canadian player in this field," he added.

    "We are very pleased to be joining the GENIVAR team. Their reputation and network will enable us to offer even more clients the expertise that we have developed over the 20 years we have been in operation. In addition, GENIVAR's values are a perfect match for our own, providing further confirmation that we have joined forces with a partner of choice," said company President Robert Giroux.

    ABOUT GIROUX GROUP
    Founded in 1991, GIROUX has carved itself a place of choice in the Quebec market, specializing in surveying and various related disciplines. The company is noted for its range of services and its quality control-based effectiveness. GIROUX's expertise includes the field of activities: land surveying; construction surveying, including technical surveys carried out on various types of construction sites as well as bathymetry and hydrometry, areas of expertise related to aquatic environments. In less than 20 years, GIROUX has earned an enviable reputation and standing across Quebec. Its employees include some of the leading specialists in the field.

    ABOUT GENIVAR
    GENIVAR is a leading Canadian engineering services company providing private and public-sector clients with a full range of professional consulting services through all project phases, including planning, design, construction and maintenance. Ranging in size, its clients operate in various market segments, including the building, industrial, power, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of the largest engineering services companies in Canada by number of employees, with more than 4,700 managers, professionals, technicians, technologists and support staff in over 100 cities in Canada and internationally.
    www.genivar.com

    Forward-looking statements
    Certain information regarding GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

    Eric Tremblay
    Vice-President, Eastern Quebec
    GENIVAR Inc.
    Phone: (418) 623-7066, ext. 4102
    eric.tremblay@genivar.com

    Isabelle Adjahi
    Director, Communications and Investor Relations
    GENIVAR Inc.
    Phone: (514) 340-0046, ext. 5648
    isabelle.adjahi@genivar.com

    Robert Giroux
    President
    Le Groupe GIROUX
    Phone: (418) 652-8838
    r.giroux@arpentage.com