GENIVAR totally mutates into “WSP”
December 3, 2013
By Canadian Consulting Engineer
On January 1, one of the largest consulting engineering companies in Canada, and one of the very few that are publicly traded, will be transformed. That's the date that the Montreal-based corporation has chosen to reorganize and change its name...
On January 1, one of the largest consulting engineering companies in Canada, and one of the very few that are publicly traded, will be transformed. That’s the date that the Montreal-based corporation has chosen to reorganize and change its name to “WSP Global Inc.”
GENIVAR combined with U.K.-based WSP in 2012, but had maintained its name and identity until now. In 2014 the name “GENIVAR” will disappear. Across Canada the offices will fall under “WSP Canada,” but the visual brand will be simply “WSP”. Globally, the reorganized company will be known as WSP Global Inc., to be listed on the Toronto Stock Exchange as “WSP”.
Isabelle Adjahi of GENIVAR says that by January 2, the company’s website, letterhead, business cards, etc. will bear the new WSP logo. New building signage will take a bit longer, until the end of March.
GENIVAR grew rapidly in the past decade under the leadership of Pierre Shoiry, ing., president and chief executive officer. It expanded outside Quebec and acquired many consulting engineering companies across Canada.
Then on June 7, 2012, GENIVAR announced its acquisition of the shares of WSP in the U.K. WSP was a global, multi-disciplinary consulting firm that was founded in 1969 and was listed on the London Stock Exchange. At the time it had approximately 9,000 employees in 200 offices in over 30 countries. GENIVAR at the time had approximately 5,500 staff in 100 cities in Canada and overseas. Jointly they now list on GENIVAR’s website: “15,000 employees, mainly engineers, technicians, scientists, architects and environmental experts, based in 300 offices across 35 countries, on every continent.” They provide services in all aspects of the built environment, including infrastructure and buildings.
GENIVAR has declared a dividend of $0.375 per share on November 6, 2013, which will be payable around January 15, 2014. Participants in the company’s dividend reinvestment plan will be deemed to be participants in the WSP Global dividend reinvestment plan.
To see the GENIVAR press release of December 2, 2013, click here.
To see the GENIVAR press release announcing its third quarter financial results, click here.
To read an article about the initial merger of GENIVAR and WSP, click here.