WSP Global and Altus Group form GeoVerra

CPE News (6/29/2020) – WSP Global Inc. (TSX: WSP) and Altus Group Limited (TSX: AIF) have completed previously announced transaction to combine their respective geomatics business units.

GeoVerra Inc., the name for the combined entities, establish itself as 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 CEO John Nielsen, formerly Vice President of Operations, Infrastructure at WSP Canada, and COO Mitch Ettinger, formerly President of Altus Group’s Geomatics business unit.

phto credit: GeoVerra

News Release

WSP & Altus Group announce the launch of GeoVerra, a leading geomatics firm in Western Canada and Ontario

MONTREAL and TORONTO , June 29, 2020 (GLOBE NEWSWIRE) — 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 GEOVERRA
Founded 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 LIMITED
Altus 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 WSP
As 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.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Claire Masikewich
Director, Marketing and Communications
GeoVerra Inc.
Tel : (403) 862-3348
claire.masikewich@geoverra.com

Alain Michaud
Chief Financial Officer
WSP Global Inc.
Tel : 438-843-7317
alain.michaud@wsp.com

Camilla Bartosiewicz
Vice President, Investor Relations
Altus Group Limited
Tel: 416-641-9773
camilla.bartosiewicz@altusgroup.com