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Canadian construction and engineering firm Dessau has acquired Colombian engineering consultancy firm Compañía de Estudios e Interventorías (CEI) as part of its plan to expand its operations in Latin America.
CEI specializes in the transport, energy and oil and gas sectors, as well as offering water management and urban development services, Dessau said in a release, without disclosing the price of the acquisition.
"Colombia demonstrates strong economic potential thanks to business opportunities particularly in the transportation and energy infrastructure sectors. With 350 employees, the Bogotá office is strategically located for our operations and future development in South America," said Dessau's president and CEO, Jean-Pierre Sauriol.
The Colombian firm posted operating income of 43.3bn pesos (US$23.8mn) in 2010, paper Portafolio reported.
Founded in 1957, Dessau has annual revenues of US$660mn. The company plans, designs, builds and manages infrastructure for both public and private sector clients.
In Latin America and the Caribbean, Dessau has offices in Chile, Colombia, Costa Rica, Peru, the Dominican Republic and Trinidad and Tobago.