WSP Global Inc.

WSP Global Inc.

July 27, 2011 04:00 ET

Genivar acquires Dakins, a water and wastewater consultant services company

MONTREAL, July 27, 2011 - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Corporation") is pleased to announce the acquisition of Ontario-based Dakins Engineering Group Ltd. ("Dakins"), an instrumentation control and automation systems consulting engineering firm specialized in water and wastewater management. This acquisition adds 15 people to GENIVAR's workforce.

"I am delighted to be announcing this news. Dakins is well aligned with GENIVAR's growth strategy of continuing to offer comprehensive leading-edge services to our clients. Looking to our long term goal, expertise within the Dakins group will allow us to better service the Municipal Infrastructure market segment, as well as leverage this expertise into the Industrial and Energy market segment," said Brian Barber, Senior Vice President, Ontario of GENIVAR.

"We are delighted that this transaction gives us the opportunity to expand our capabilities globally, with the support of GENIVAR's network and reputation," commented Karen Cellucci and Keith Laidlaw, founders of Dakins. "This is a great opportunity for an entrepreneurial business to flourish as part of a global leading company," they added.

Founded in 2001, Dakins is a systems integrator of control equipment and instrumentation to the water and wastewater industry. The company also offers complete automation and integration services using both new and existing Supervisory Control And Data Acquisition ("SCADA") systems.

GENIVAR is a leading Canadian consulting services firm providing private and public-sector clients with a complete range of professional 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 and energy, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest services firm by number of employees, approximately 4,600 managers, professionals, technicians, technologists and support staff in more than 100 offices in Canada and internationally.

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.

Contact Information

  • Brian Barber
    Senior Vice President, Ontario
    GENIVAR Inc.
    Phone: (905) 475-8727, ext. 18219

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

    Karen Cellucci
    Dakins Engineering Group Ltd.
    Phone: (905) 814-6024