WSP & Altus Group announce the launch of GeoVerra, a leading geomatics firm in Western Canada and Ontario
June 29 2020 - 7:40AM
WSP Global Inc. (TSX: WSP) (“WSP”), one of the world's leading
professional services firms and Altus Group Limited (TSX: AIF)
(“Altus Group”), a leading provider of software, data solutions and
independent advisory services to the global commercial real estate
industry, announced today that the previously announced transaction
to combine their respective geomatics business units has
closed. The combined entity launched as GeoVerra Inc.,
forming a leading Canadian geomatics firm with offices in Western
Canada and Ontario.
With offices in 29 cities and towns across
Western Canada and Ontario, GeoVerra is well equipped to serve its
clients by offering a broad variety of geomatics services.
Through the combination, GeoVerra has the expertise and scope to
take on large, complex projects, while remaining agile to be
competitive at the local level for smaller projects.
GeoVerra will be led by John Nielsen as Chief
Executive Officer, who served as Vice President, Operations,
Infrastructure, at WSP Canada, and Mitch Ettinger as Chief
Operating Officer, who was President of Altus Group’s Geomatics
business unit.
“After months of hard work, we’re very excited
to officially launch GeoVerra to provide our industry-leading
geomatics solutions and services to new and existing partners
across Canada,” commented John Nielsen. “We have brought
together a world-class team in the areas of land surveying,
mapping, forestry, and geospatial technology across diverse
industries. Our mission is to provide outstanding service
that employees are proud of, that our clients will recommend to
others, and that leave a positive impact on the communities that we
serve.”
ABOUT GEOVERRAFounded in 2020,
GeoVerra is one of Canada’s largest geomatics firms with offices
across Western Canada and Ontario providing land surveying,
forestry, and geospatial solutions to clients in diverse
industries. As a team, we are committed to exceeding expectations
with our service-backed reputation for responsive, efficient,
solutions-based performance. For more information, please visit
www.geoverra.com.
ABOUT ALTUS GROUP LIMITEDAltus
Group Limited is a leading provider of software, data solutions and
independent advisory services to the global commercial real estate
industry. Our businesses, Altus Analytics and Altus Expert
Services, reflect decades of experience, a range of expertise, and
technology-enabled capabilities. Our solutions empower clients to
analyze, gain insight and recognize value on their real estate
investments. Headquartered in Canada, we have approximately 2,250
employees around the world, with operations in North America,
Europe and Asia Pacific. Our clients include some of the world’s
largest real estate industry participants.
ABOUT WSPAs one of the world’s
leading professional services firms, WSP provides engineering and
design services to clients in the Transportation &
Infrastructure, Property & Buildings, Environment, Power &
Energy, Resources and Industry sectors, as well as offering
strategic advisory services. WSP's global experts include
engineers, advisors, technicians, scientists, architects, planners,
environmental specialists and surveyors, in addition to other
design, program and construction management professionals. Our
talented people are well positioned to deliver successful and
sustainable projects, wherever clients need us. wsp.com.
FORWARD-LOOKING STATEMENTS
Certain information regarding WSP and Altus Group 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, as well as the fact that closing of the
transaction is conditioned on certain events occurring, including
finalization of definitive documentation. Although WSP and Altus
Group believe that the expectations reflected in such
forward-looking statements are reasonable, they 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. WSP's and Altus Group’s forward-looking
statements are expressly qualified in their entirety by this
cautionary statement. The complete version of the cautionary note
regarding forward-looking statements as well as a description of
the relevant assumptions and risk factors likely to affect WSP's
and Altus Group’s actual or projected results are included in their
Management’s Discussion and Analysis for the quarter ended March
31, 2020, which are available on SEDAR at www.sedar.com. The
forward-looking statements contained in this press release are made
as of the date hereof and neither WSP, nor Altus Group assume any
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise
unless expressly required by applicable securities laws.
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT:
Claire MasikewichDirector,
Marketing and CommunicationsGeoVerra Inc.Tel : (403)
862-3348claire.masikewich@geoverra.com
Alain MichaudChief Financial
OfficerWSP Global Inc.Tel :
438-843-7317alain.michaud@wsp.com
Camilla BartosiewiczVice
President, Investor RelationsAltus Group LimitedTel:
416-641-9773camilla.bartosiewicz@altusgroup.com
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