IBI Group Announces Asset Acquisition of Cole Engineering Group Ltd. - Seite 2

“The combined IBI/Cole team will be one of the most significant infrastructure engineering teams in Canada. With a client service focus, cultural synergies and growth opportunities for employees across organizations, IBI’s transformative digital strategies, and strengthened project delivery capabilities, I am confident this transition will bring tremendous value to our stakeholders,” said Moshen Mortada, Cole CEO.

Closing of the Acquisition provides IBI with valuable professional staff resources which will bolster teams on the firm’s substantial transportation infrastructure backlog through 2021 and beyond. Through the Acquisition, IBI is pleased to welcome 180 Cole staff members to its existing team.

For more information and/or to connect with an IBI Group executive, please contact Julia Harper at [e-mail] or 647-330-4706.

Caution Regarding Forward-Looking Information
Certain statements in this news release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and its subsidiary entities, including IBI Group Partnership or the industry in which they operate, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use words such as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this news release. These forward-looking statements involve a number of risks and uncertainties.

These risk factors are discussed in detail under the heading “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2019. New risk factors may arise from time to time and it is not possible for management of the Company to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance or achievements of the Company to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as at December 1, 2020. The Company updates these assumptions at each reporting period and adjusts its forward-looking information as necessary.