Genivar

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 Inc.
TypePublic
TSX: GNV
IndustryEngineering consulting
Construction management
PredecessorGroupe-Conseil Solivar Inc.
Founded1959 (1959)
FateReorganized after acquiring WSP Group plc.
SuccessorWSP Global Inc.
Headquarters
Montreal, Quebec
,
Canada
Key people
Pierre Shoiry (CEO)
Richard Bélanger (Chairman)
RevenueC$651.9 million
C$63.3 million
C$50.1 million
Total assetsC$726 million
Total equityC$501.4 million
Number of employees
15,000
Websitegenivar.com
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
  1. "Profile". About Us. Archived from the original on 24 January 2013. Retrieved 9 June 2012.
  2. "Consolidated Financial Statements - 2011" (PDF). Genivar. 2012-04-30. Retrieved 9 June 2012.
  3. "GENIVAR and the ARCOP Group establish a strategic alliance". Press release. 29 August 2011. Retrieved 21 August 2012.
  4. Van Praet, Nicolas (2012-06-07). "Genivar bids for WSP Group as Quebec firms continue Europe takeover binge". Financial Post. Retrieved 9 June 2012.
  5. "Genivar's $442 million WSP Group PLC takeover, no job cuts". The Gazette. Retrieved 9 June 2012.
  6. "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.
  7. Gallagher, Ron (2012-06-12). "Genivar is buying U.K. designer WSP Group". Construction Dive. Retrieved 2019-11-01.
  8. Van Praet, Nicolas (2013-04-17). "Genivar rebranding as WSP Global amid Quebec corruption scandal". Financial Post. Retrieved 2019-11-01.


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