Genivar

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Genivar Inc.
Company typePublic
TSX: GNV
IndustryEngineering consulting
Construction management
PredecessorGroupe-Conseil Solivar Inc.
Founded1959; 67 years ago (1959)
FateReorganized after acquiring WSP Group plc.
SuccessorWSP Global Inc.
Headquarters,
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]

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.[3]

On August 29, 2011, Genivar Inc. and Montreal-based architectural firm Arcop announced a strategic alliance.[4][5]

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.[6][7][8]

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.[9] The rebrand followed a reorganisation to a holding structure that enabled the company to separate its regional operations into distinct subsidiaries.[10]

References

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