WSP Global Inc.

WSP Global Inc.

October 05, 2011 05:00 ET

GENIVAR acquires ISAC, a firm specializing in automated system integration

MONTREAL, Oct. 5, 2011 - GENIVAR Inc. (TSX: GNV) ("GENIVAR") is pleased to announce the acquisition of ISACTION Inc. ("ISAC"), a Quebec-based firm specializing in industrial automation integration. The transaction that adds 40 people to GENIVAR's workforce nicely complements the recent Dakins acquisition in Ontario, as it positions GENIVAR as a Canadian leader in the field of automation systems.

"I am very pleased that ISAC is joining the GENIVAR team. Their state-of-the-art expertise in the area of automated system integration will help us meet our clients' growing needs, particularly in the aluminum and mining sectors," said Éric Tremblay, GENIVAR's Vice-President, Eastern Quebec. "In addition, we will now be able of offer all our clients across Canada, integrated services in the field of automated system", he concluded.

"We are delighted with this transaction, which gives us the possibility of increasing our capabilities at the national level thanks to the support provided by GENIVAR's network and its great reputation," said Carl Foster, ISAC's President. "This is a unique opportunity for a firm such as ours to develop within an industry leader that shares our growth strategy, as well as our values," he added.

Founded in 1993, ISAC is a Quebec leader in the area of automated system integration and control. Meeting the specific needs of the company's clients, ISAC's team of specialists integrates equipment, software and associated networks to form a functional and effective system. Since it was founded, ISAC has contributed to the successful completion of a large number of automation and optimization projects in an extremely wide variety of sectors, enabling it to acquire in-depth knowledge of a broad array of applications.

GENIVAR is a leading Canadian 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 and energy, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of Canada's largest services firm by number of employees, with approximately 4,700 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.

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