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SpatialNews Press Release -
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AGRA Inc Acquires Geonex Corporation To Create International Geographic Information Systems / Spatial Information LeaderGeonex will be consolidated with AGRA Inc.’s Clearwater Florida based subsidiary AGRA Baymont which is a world leader in Geographic Information Systems (GIS) and data conversion services. The combined operation, which will be led by AGRA Baymont President Bob Brown, will have annual revenues of approximately US$ 25,000,000 and will employ approximately 700 employees working in four offices worldwide. “The combination of AGRA Baymont and Geonex creates a new leader in the GIS data conversion industry,” said AGRA President & CEO Peter Janson. “This represents an important step forward in our plans to create a world leading full service provider of spatial information solutions from GIS data conversion to web-based spatial data management for clients in the government, utility, telecommunications and related sectors.” In recent years, more businesses and government agencies have begun to rely on spatial information and the supporting technologies, such as Geographic Information Systems (GIS), and Remote Sensing, to support their operations. At the same time, traditional mapping and charting disciplines have evolved from a largely manual and paper based craft to electronic geo- spatial database technology which is increasingly integrated with modern information technology (IT) business systems. Converting traditional paper mapping data into a digital form and building, managing, and exploiting databases with spatial or geographical content is a specialized and often difficult undertaking. Consequently, many users of spatial data have turned to consultants and service vendors for assistance. Both AGRA Baymont and Geonex serve this market by providing expertise in the design and creation of spatial data products. AGRA Baymont provides its clients in the utilities, telecommunications and other sectors with data conversion and enterprise-wide business solutions for spatial information. Its services include data conversion, high resolution scanning, records analysis and preparation, land base development, project management, backlog data maintenance, on-line data maintenance, data migration, quality inspection, management, AM/FM/GIS model review, positional enhancement, application development and GIS consulting. Geonex offers clients in the private and government sectors with value added services including cadastral mapping, environmental mapping, photogrammetry and digital orthophoto creation, project management, technical assistance/transfer, equipment acquisition and training. Geonex is one of the foremost authorities in base mapping, photo interpretation, imagery analysis, photogrammetry, AM/FM/GIS project development and production, scanning, remote sensing and image processing. Its clients include utility companies, national government agencies, state, regional and municipal government agencies and commercial industries. “The acquisition of Geonex is the first stage of Baymont’s strategic plan for growth,” said Brown. Geonex brings local resources that are complementary to the services, projects, and expertise at Baymont. We look forward to the exceptional value that will be available to customers and the industry.” AGRA Inc. is one of North America's largest international professional service and applied technology companies, providing engineering, construction, environmental and technology solutions for customers worldwide. AGRA employs 6,500 people and operates 186 offices in 24 countries. The company's web site is located at www.agra.com. AGRA's shares are traded on the Toronto Stock Exchange under the trading symbol AGR. Further information: Trade Media and Industry Contact: Mr. Bob Brown, President, AGRA Baymont Inc. Tel: (727) 539-1661 Fax: (727) 539-1749 Web Site: www.baymont.com Investor and Financial Media Contact: David Paterson, Vice President, Corporate Affairs and Investor Relations, AGRA Inc., Tel: (905) 403-5024, Fax: (905) 829-4407, E-mail: investors@agra.com Web Site: www.agra.com www.agra.com
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