WSP Global Inc.

WSP Global Inc.

May 05, 2008 12:20 ET

GENIVAR Income Fund Acquires Doucet & Associés, a Telecommunications and Public Utilities consulting Firm

    MONTREAL, May 5  - GENIVAR Income Fund (the Fund) announced
the acquisition of Doucet & Associés Conseils (Quebec) ltée (Doucet &
Associés), an engineering-consulting firm specialising in telecommunications
and utilities infrastructure.
    Doucet & Associés was founded in 1974 and has offices in Montreal and in
Quebec City. The firm has 50 employees and has developed expertise in the
field of telecommunications including outside networks, integrated
distribution networks, switching and transmission, as well as public utilities
infrastructure, including telephony cable networks, cable television, and
electric power distribution, as well as IP telephony.
    "GENIVAR has a proven expertise in telecommunication tower design, and
this acquisition complements our services. Moreover, the know-how in public
utility infrastructure which Doucet & Associés brings, particularly in the
area of power distribution, will enhance GENIVAR's expertise in municipal
infrastructure projects. They also allow us to broaden our client base to
include cable television, wireless telephony, and traditional telephone
companies," said Pierre Shoiry, President and Chief Executive Officer of
GENIVAR Income Fund.
    "Being part of the GENIVAR family will help us to develop and to position
ourselves to obtain large-scale projects, and gain access to a comprehensive
range of multidisciplinary services within one organisation," continued Mario
Gosselin, President of Doucet & Associés. "We are now in a position to better
respond to our clients' growing needs, and our employees will benefit from an
access to new and stimulating career opportunities across the GENIVAR
network," said Mr. Gosselin.

    Doucet & Associés established itself as the first telecommunications
engineering-consulting firm over 30 years ago and has a solid client base,
including Hydro-Québec, Vidéotron, TELUS, Bell Canada, Bell Aliant, Télébec,
and the Government of Québec's General Directorate of Telecommunications
Networks.

    GENIVAR is a leading Canadian engineering services firm, providing public
and private sector clients with a full range of professional consulting
services through all execution phases of a project, including planning,
design, construction, and maintenance. Its clients are of varying sizes and
fall into diverse market segments, including building, industrial and power,
urban infrastructure, transportation, and environment. GENIVAR is one of the
largest engineering services firms in Canada, in terms of number of employees,
employing over 2,800 managers, professionals, technicians, technologists, and
support staff, in over 60 offices in Canada and abroad.
    www.genivar.com



Contact Information

  • Pierre Shoiry, President and Chief Executive
    Office, GENIVAR, (514) 340-0046, ext. 5104; Marlène Casciaro, Director,
    Communications, GENIVAR, (514) 340-0046, ext. 5184; Mario Gosselin, Eng.,
    President, Doucet & Associés Conseils (Québec) ltée, (418) 653-6404, ext. 226