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CIMA+, one of Canada's leading privately-owned consulting engineering firms, announced its acquisition of Kozar Engineering Inc., a prominent engineering company based in Thunder Bay, Ontario. This move marked a significant expansion for CIMA+ into Northwestern Ontario and was aligned with its strategy to enhance its presence across Canada, particularly in Northern Ontario.
Steeve Fiset, CIMA+'s Chief Strategy Officer, highlighted the acquisition as a pivotal enhancement of the firm's capabilities in addressing ESG and decarbonization challenges, anticipating a sustainable future. He expressed enthusiasm for integrating Kozar Engineering’s expertise, particularly praising the team's potential to bolster innovation and service quality.
Steeve L'Heureux, Executive Vice President of Energy and Resources at CIMA+, noted the acquisition's strategic importance in strengthening the company's foothold in the mining and industrial sectors. He emphasized the combined expertise of the teams, which is expected to deliver top-quality services and innovative solutions in these growing markets.
Kevin Kozar, P.Eng., and Principal Engineer at Kozar Engineering, stressed the benefits of merging with CIMA+, such as enhanced opportunities for their team and clients and a shared commitment to client satisfaction, employee well-being, and community engagement.
The transaction's financial details, including the acquisition value and the legal advisors involved, were not disclosed in the announcement. This acquisition is poised to significantly boost CIMA+'s service capabilities and geographic reach, reinforcing its commitment to excellence and innovation in the engineering sector.
Parties
Company
CIMA+
Company
Kozar Engineering Inc.
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date