“We are pleased with this acquisition, which is an integral part of our international growth strategy. We have been working in Colombia for the past two years and we have come to appreciate the opportunities offered by this country. In line with our emerging market strategy, we have identified CRA, a top tier Colombian firm in terms of size and reputation, as being the ideal platform in the region to build and grow our activities in all our market segments. Indeed, CRA meets all of our criteria with a reputation of great client service, a broad portfolio of projects as well as a strong management team,” stated Pierre Shoiry, President and Chief Executive Officer of GENIVAR. “Our objective is to develop a long-term local presence in Colombia and expand in the neighboring countries where we see good growth potential,” he added.
“GENIVAR is the perfect alliance for us. GENIVAR’s experience and reputation will enhance CRA’s capacity to bid on larger projects, enabling us to compete with international firms. We believe that uniting our teams will create tremendous opportunities for both our clients and employees,” said Pedró Rojas Castro, President of CRA.
ABOUT CONSULTORES REGIONALES ASOCIADOS
Established in 1976, CRA offers services in civil engineering, environment, energy and telecommunications. The firm’s activities are framed within the principles of social responsibility and commitment to sustainable development.
ABOUT GENIVAR INC.
GENIVAR is a leading Canadian consulting services firm providing private and public-sector clients with a full range of professional consulting services through all project phases, including planning, design, construction and maintenance. Ranging in size, its clients operate in various market segments, including the building, industrial and energy, municipal infrastructure, transportation and environmental sectors. GENIVAR is one of the largest engineering services companies in Canada by number of employees, with more than 5,000 managers, professionals, technicians, technologists and support staff in over 100 cities in Canada and internationally.
Forward-Looking Statements
Certain information regarding GENIVAR contained herein may constitute forward-looking statements. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although GENIVAR believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. GENIVAR's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
For additional information, please contact:
Pedró Rojas Castro
President
Consultores Regionales Asociados S.A.S.
Tel: (571) 610-8899
cra@cra.com.co