Genivar Inc. was a Canadian engineering consulting firm. As of January 1, 2014, it became WSP Global. Its head office remains located at 1600 René Lévesque Boulevard West in Montreal, Quebec.
 | |
 Genivar office in Markham | |
| Company type | Public |
|---|---|
| TSX: GNV | |
| Industry | Engineering consulting Construction management |
| Predecessor | Groupe-Conseil Solivar Inc. |
| Founded | 1959 |
| Fate | Reorganized after acquiring WSP Group plc. |
| Successor | WSP Global Inc. |
| Headquarters | , |
Key people | Pierre Shoiry (CEO) Richard Bélanger (Chairman) |
| Revenue | C$651.9 million |
| C$63.3 million | |
| C$50.1 million | |
| Total assets | C$726 million |
| Total equity | C$501.4 million |
Number of employees | 15,000 |
| Website | genivar |
| Footnotes / references [1][2] | |
On August 29, 2011, Genivar Inc. and Montreal-based architectural firm Arcop announced a strategic alliance.[3]
On June 7, 2012, Genivar Inc. announced that it made a friendly takeover cash offer of C$442 million (£278 million) for WSP Group PLC. The offer is backed by WSP's board of directors as well as investors holding 37% of the company's shares. The deal closed on August 1, 2012.[4][5][6]
In 2013, the company announced it will be changing its name to WSP Global, reflecting a $442-million purchase of the British-based WSP Group PLC.[7] The rebrand followed a reorganisation to a holding structure that enabled the company to separate its regional operations into distinct subsidiaries.[8]
References
edit- ^ "Profile". About Us. Archived from the original on 24 January 2013. Retrieved 9 June 2012.
- ^ "Consolidated Financial Statements - 2011" (PDF). Genivar. 2012-04-30. Retrieved 9 June 2012.[permanent dead link]
- ^ "GENIVAR and the ARCOP Group establish a strategic alliance". Press release. 29 August 2011. Retrieved 21 August 2012.
- ^ Van Praet, Nicolas (2012-06-07). "Genivar bids for WSP Group as Quebec firms continue Europe takeover binge". Financial Post. Retrieved 9 June 2012.
- ^ "Genivar's $442 million WSP Group PLC takeover, no job cuts". The Gazette. Archived from the original on 15 June 2012. Retrieved 9 June 2012.
- ^ "GENIVAR and WSP Group join forces to become a global professional services firm with world-class expertise". GENIVAR Inc. (GNV). TMX Group. 2012-06-07. Archived from the original on 2013-07-23. Retrieved 9 June 2012.
- ^ Gallagher, Ron (2012-06-12). "Genivar is buying U.K. designer WSP Group". Construction Dive. Retrieved 2019-11-01.
- ^ Van Praet, Nicolas (2013-04-17). "Genivar rebranding as WSP Global amid Quebec corruption scandal". Financial Post. Retrieved 2019-11-01.
- Van Praet, Nicolas (2013-04-17). "Genivar rebranding as WSP Global amid Quebec corruption scandal". Financial Post. Retrieved 2019-11-01.
External links
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