October 18, 2013- Sherwood Park, AB – Today was the official unveiling of the new merged brand and a new force in engineering consulting, bringing New Zealand-born Opus together with ZGM client Stewart Weir, creating a new, globally competitive engineering, land surveying, and environmental group. The acquisition, including all legal entities, will add some 550 staff and six offices in Canada, bringing the Opus Canadian team to around 700 staff in 16 offices, and the Opus global team to more than 3,000 staff and 91 offices worldwide.
At the official unveiling in Sherwood Park Alberta, staff from Alberta and New Zealand gathered alongside Alberta provincial and municipal politicians to celebrate the merger and the future for the combined companies.
“We share the same DNA,” said the President of Stewart Weir, Brian Pearse, who will head up Canadian operations as President Opus Stewart Weir. “We have a 100-year history of innovation; we know this will be a great family together and will expand our shared expertise around the world.”
Opus Canada President Sean Brophy followed up by saying, “Stewart Weir is well known for its expertise. We’ve been looking at this merger for some time, and we’re really look forward to the journey ahead.”
Stewart Weir began in Alberta 100 years ago with a small group of engineers and surveyors, to grow into firm of over 550 employees. Core competencies include support for community, utility, industrial and resource development. Stewart Weir provides services across Canada in engineering, surveying, mapping, and GIS related projects.
Opus is an international multidisciplinary engineering, architecture and infrastructure consultancy with 85 offices and some 2,500 staff in Australia, Canada, New Zealand, the United Kingdom and the United States. Opus established in Canada in 2002 and in 2010 completed the purchase of Dayton and Knight (now Opus DaytonKnight), a water, wastewater and environmental engineering consultancy based in British Columbia.
Shares in Opus International Consultants rose to a three-month high after the engineering consultancy agreed to pay as much as C$90 million for Stewart Weir, propelling its Canadian business to its second-largest unit by revenue.
Opus shares gained 4.8 percent to $1.76 after the company said it will pay an initial C$50 million for Stewart Weir, with the potential for a further C$40 million in integration and performance-based payments over three years.
“Stewart Weir’s market status for pipeline, infrastructure and energy related projects make them a market leader in Alberta – Canada’s highest growth market,” says Opus Managing Director and Chief Executive, Dr. David Prentice.
For more, visit:
Brand launch video: http://www.youtube.com/watch?v=CRNgF-06ASY
Opus corporate website: http://www.opus.co.nz
Stewart Weir corporate website: http://www.swg.ca/index.html