Press Releases

  • Friday, February 4, 2011
    GENIVAR ACQUIRES AN ENGINEERING FIRM IN PRINCE EDWARD ISLAND

    MONTREAL, Feb. 4 - TSX: GNV - GENIVAR Inc. ("GENIVAR") is pleased to announce the acquisition of Delcom Engineering Ltd. ("Delcom"), a firm specialized in consulting engineering and land surveying. Delcom is located in Summerside, Prince Edward Island (PEI) and has a second office location in Charlottetown. This acquisition adds 15 people to GENIVAR.

    "We are very pleased to welcome Delcom within GENIVAR as it fits very well in our development strategy and strengthens our leadership in Atlantic Canada," said Stephen Wallace, Vice-President, Atlantic Canada of GENIVAR. "Through this acquisition, we are reinforcing our approach of being a global player with a strong local presence," he added.

    "GENIVAR is the perfect fit for us. Our culture and values are completely aligned and our strong entrepreneurial spirit is matched by that of GENIVAR, enabling us to continue to offer practical and innovative solutions to our clients in the manner that they have come to expect," said Clark Baglole, one of the founding partners of Delcom.

    About Delcom Engineering Ltd.
    Delcom, which was founded in 1983, has over 25 years of experience in delivering practical and effective solutions to clients. Delcom is a leading single-source provider of professional engineering, planning, and land surveying services. The multidisciplinary nature of the firm means that clients receive full-service solutions that are creative and innovative.

    About GENIVAR Inc.
    GENIVAR is a leading Canadian engineering services firm providing private and public-sector clients with a complete range of professional consulting services throughout all project phases, including planning, design, construction and maintenance. Ranging in size and scope, GENIVAR's clients primarily operate in the building, industrial, power, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest engineering services firm by number of employees, with more than 4,500 managers, professionals, technicians, technologists and support staff in more than 85 offices 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.

    Stephen Wallace
    Vice President, Atlantic Canada
    GENIVAR Inc.
    Tel : (902) 835-9955
    stephen.wallace@genivar.com

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

    Clark Baglole
    President
    Delcom Engineering Ltd.
    Tel: (902) 436-2669
    cbaglole@delcompei.com