WSP Global Inc.

WSP Global Inc.

July 04, 2011 05:00 ET


MONTREAL, July 4, 2011 - GENIVAR Inc. (TSX: GNV) ("GENIVAR" or the "Corporation") is pleased to announce the acquisition of Quebec-based Groupe OptiVert inc. ("OptiVert") and Alberta-based JMH Environmental Solutions Ltd. ("JMH"), two consulting engineering firms specialized in environment. OptiVert specializes in forest management consulting services, while JMH specializes in oil and gas environmental consulting. The firms have a combined total of 35 permanent employees, which number can double during the high-season.

"We are very happy with the acquisition of OptiVert as their team of professionals has developed a fine-tuned expertise in forest management consulting" said André-Martin Bouchard, Vice-President, Environment of GENIVAR. "This acquisition, which nicely adds to our current array of expertise in environment, will enable us to strategically position GENIVAR in anticipation of large-scale environmental projects that Plan Nord will catalyze, such as access roads and forest products optimization. OptiVert capabilities are 100% complementary to our existing ones" he added.

GENIVAR has also acquired JMH, a firm which is mainly active in Western Canada.

"The acquisition of JMH is well-aligned with our growth objective and also provides the capabilities to increase our services to current clients," commented John Nielsen, Vice-President, Alberta of GENIVAR. "As environmental services related to the oil and gas industry are booming, this will allow us to diversify the services we offer this customer group," he added.

"Joining forces with GENIVAR enables us to be involved in larger-scale projects while leveraging their network and global client base. We will also be able to meet the growing needs of our clients, who require a fully integrated scale of consulting services," said André Carle, President of OptiVert, and Jason Herzog, President of JMH. "GENIVAR's dynamic entrepreneurial culture is perfectly aligned with our respective management approaches, and our employees will be able to develop their skills while enjoying enhanced career opportunities," they added.

Founded in 1990, OptiVert specializes in forest management consulting services. Based in Quebec City, Quebec, the company provides a range of services to both industrial and government clients, including planning, ecology, environment, geomatics, remote sensing, as well as planning, forest operations management, scaling, block layout, and GPS data collection. The firm has always been up to the latest standards in terms of approach and advanced computerized solutions.

JMH is an environmental consulting business operating within the energy sectors of Alberta and Saskatchewan. The firm specializes in spill response, site reclamation and historic site remediation.

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 engineering services firm by number of employees, with approximately 4,500 managers, professionals, technicians, technologists and support staff in more than 90 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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