Trow Associates Inc.

Trow Associates Inc.
Teknika HBA

Teknika HBA

June 12, 2008 18:01 ET

Trow and Teknika HBA Complete Merger

Combination Creates Leading Global Provider of Engineering Services

BRAMPTON, ONTARIO--(Marketwire - June 12, 2008) - Trow Global (Trow), a multidisciplinary engineering and consulting firm and Teknika HBA, a Quebec-based provider of multidisciplinary engineering and consulting services, today announced the merger of the two companies. The two companies provide complementary consulting and engineering services in Canada and internationally and their combination will offer even more fully integrated solutions for their clients. Teknika HBA will continue to offer value-added services to its clients under its current name within Trow. Terms of the agreement have not been disclosed.

Trow provides multidisciplinary services in Engineering, Consulting, Surveying and Project Management, to leading clients within the public and private sectors. The combination of Trow and Teknika HBA is a natural progression of these two entities given the complementary nature of their business models. Teknika HBA brings additional expertise in urban planning, energy, industrial processes and eco-engineering. The combined workforce approaches 2000 employees with a total of 60 offices in Alberta, British Columbia, Ontario, Quebec, the United States and internationally.

"This transaction is a landmark event for Trow and Teknika HBA. We have significantly increased our geographic reach and together have much greater breadth of solutions for our clients," commented Vlad Stritesky, President of Trow. "By combining the people, expertise and solutions of Trow and Teknika HBA, we are better positioned than ever to evolve and grow with the needs of our clients and continue our global expansion."

"This merger is very important to both Teknika HBA and Trow as it strengthens our position in the domestic and international markets and will allow us to continue on our path of strong growth. We are pleased to have found a partner who, like us, gives priority to its core asset, its people, as well as the quality of its technical know-how and focus on customer service," said Wilfrid Morin, President of Teknika HBA.

About Trow

Founded in 1957 and with over 50 years of service, Trow has grown in size into one of Canada's largest engineering and consulting firms. With offices across Canada, the U.S. and internationally, and with projects around the globe, Trow offers clients in both the private and public sectors a full range of services provided by a dedicated team of over 1100, which includes specialist engineers and technical experts from 40 Canadian, U.S. and international locations. Selected as a winner of Canada's 50 Best Managed Companies Program for 2001 and 2006, and a requalifier for 2002, 2003, and 2007, Trow provides integrated solutions to the Commercial, Energy, Industrial, Infrastructure, Institutional, Residential and Transportation sectors. Today the company continues to enjoy dynamic growth on a global scale.

About Teknika HBA

Founded in 1928, Teknika HBA is a multidisciplinary firm of over 700 employees offering services in consulting, engineering and construction engineering and is primarily involved in public and private infrastructures, buildings, industrial, environmental and sustainable development, soils and materials engineering, energy and project management. Teknika HBA was selected as a winner of Canada's 50 Best Managed Companies Program for 2004 and 2007, and a requalifier for 2005 and 2006. It serves the greater Montreal area and the regions of Estrie, Mauricie, Centre-du-Quebec, Bois-Francs, Monteregie, Lanaudiere, Outaouais as well as the Quebec City area. Teknika HBA is also active internationally through its Experco International subsidiary.

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