WSP Global Inc.

WSP Global Inc.

July 12, 2007 05:58 ET

GENIVAR Income Fund acquires SEG Engineering of Winnipeg and Positions itself as one of Manitoba's Leaders in Municipal Infrastructure

    MONTREAL, July 12  - GENIVAR Income Fund (GENIVAR) is pleased
to announce the acquisition of SEG Engineering Inc. (SEG), a Winnipeg firm
specializing in municipal infrastructure. GENIVAR's workforce numbers more
than 2,000 in Canada and abroad.
    "Having SEG among GENIVAR's ranks strengthens our presence in Manitoba
and positions our firm as a key player in municipal infrastructure, which will
remain very active in the years to come," said Pierre Shoiry, President and
CEO of GENIVAR. "SEG offers us strong complementarity in terms of its
clientele, which includes the City of Winnipeg, numerous land developers and
First Nation Communities. GENIVAR currently serves a number of rural
municipalities, villages, towns and cities in Manitoba," added Mr. Shoiry.
    Presided over by Ian McKinnon, P. Eng., SEG was founded in 1979 and has
currently 20 employees. It offers municipal engineering services, including
planning, implementation and renewal of municipal infrastructure, water and
wastewater treatment, and water distribution. Its long-term clientele includes
the City of Winnipeg and some of Manitoba's largest land developers, including
Qualico Developments and Novamet Development Corporation. SEG also works with
some 40 First Nations communities in Manitoba and Ontario.
    "We are very pleased to welcome SEG to the GENIVAR family. This
acquisition strengthens our position as one of the major multidisciplinary
consulting engineering firms in Manitoba," said Bill Brant, Vice-President for
Manitoba at GENIVAR. "SEG enjoys an excellent reputation in the community and
with this acquisition, our Winnipeg office team will grow to 70. We intend to
continue to expand our team in all our markets, including in municipal
engineering, transportation, environment, building, industrial and power," he
added.
    "We are very pleased to be joining GENIVAR, one of Canada's most dynamic
consulting engineering firms," said Ian McKinnon, P. Eng., President of SEG.
"GENIVAR's decentralized business model, which favours strong ties to our
communities and the local development of skills while providing access to the
firm's vast, Canada-wide network is very appealing and will enable us to
continue to grow," stated Mr. McKinnon.

    SEG Projects

    SEG recently completed the implementation of municipal infrastructure on
the final stage of Island Lakes Subdivision and is currently implementing
municipal infrastructure on Qualico's Sage Creek and Harbourview South
Subdivisions. SEG is also carrying out the twinning of Lagimodiere Boulevard
and the upgrading of Oak Point Highway for The City of Winnipeg.

    About GENIVAR

    GENIVAR is a leading Canadian consulting engineering firm offering public
and private sector clients a complete line of professional consulting services
in all phases of project execution, including planning, design, construction
and maintenance. Its clients, both large and small, are active in diverse
market segments, including building, industrial and energy, urban
infrastructure, transportation and environment. GENIVAR is one of the largest
consulting engineering firms in Canada in terms of workforce, with
approximately 2,000 managers, professionals, technicians, technologists and
support personnel in more than thirty offices in Canada and abroad.
www.genivar.com



Contact Information

  • Pierre Shoiry, President and Chief Executive
    Officer, GENIVAR Income Fund, (514) 340-0046, ext. 5104; Marlène Casciaro,
    Director of Communications, GENIVAR Income Fund, (514) 340-0046, ext. 5184;
    Ian McKinnon, P. Eng., President SEG Engineering, (204) 233-2113