TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of June 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on July 15, 2024 to unitholders of record on June 28, 2024.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:

TSX: PMZ.UN

www.primarisreit.com
www.sedarplus.ca

Contacts

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

Claire Mahaney

VP, Investor Relations & ESG

647-949-3093

cmahaney@primarisreit.com

Timothy Pire

Chair of the Board

chair@primarisreit.com

• GoCanvas is a leading provider of SaaS solutions for enhancing productivity and safety through paperless collection, reporting and integration of field data in construction
• Perfect fit with Nemetschek’s Build & Construct Division portfolio strategy
• Complementary technology, customer base and regional sales split will create strong synergies and accelerate Subscription/SaaS business model transition
• Combining Bluebeam office and GoCanvas field worker community will create a unique construction ecosystem

RESTON, Va.–(BUSINESS WIRE)–The Nemetschek Group (NEM.DE), a leading global provider of software solutions for the AEC/O and media industries, today announced that it has signed a definitive agreement to acquire all shares in GoCanvas Holdings, Inc., headquartered in Reston, Virginia, USA. GoCanvas® is a leading provider of field worker collaboration software that digitizes traditionally paper-based processes, simplifies inspections, improves safety, and maximizes compliance with more than 300,000 active users worldwide in the first quarter of 2024.

The Nemetschek Group´s Build Segment offers subscription and SaaS products that simplify customers’ jobs and connect openly with other AEC/O solutions and platforms. GoCanvas fits perfectly in this strategy by offering flexible cloud and mobile field worker solutions that help customers efficiently collect real-time data, collaborate across worksites, create digital checklists, make data-driven business decisions, and replace paperwork with smart, simple workflows.

Complementary technologies create a best-in-class portfolio for a sustainable built environment globally

The acquisition of GoCanvas will capture significant growth opportunities and technology synergies through further enhancing market and customer access. GoCanvas further strengthens Nemetschek Group’s positioning in the US while Nemetschek will provide GoCanvas a unique footprint to expand in Europe and Asia-Pacific.

Nemetschek Group’s largest brand Bluebeam is already the most trusted name for collaboration solutions in the built environment and is poised to utilize this market leadership to introduce GoCanvas solutions to extend value to field workers. GoCanvas expands the existing Build portfolio of Nemetschek by providing solutions that simplify operations for on-site professionals across diverse sectors including construction, manufacturing and energy with workflows including safety, ESG (Environmental, Social, and Governance), quality and work progress. These solutions deliver enhanced productivity and efficiency gains for field workers, including reduced travel, heightened safety measures, and improved collaboration.

GoCanvas already has a strong position in the fast-growing field worker market. Consequently, the TAM (total addressable market) for the Build segment increases significantly.

“GoCanvas is a great fit and a perfect complement to our existing solution portfolio in the Build segment and therefore represents a valuable addition to our expertise in covering the complete AEC/O life cycle,” says Yves Padrines, CEO of the Nemetschek Group. “Adding the powerful solutions of GoCanvas gives us a strong competitive edge while opening access to a rapidly growing market for field workforces in construction and other adjacent verticals.”

Viyas Sundaram, GoCanvas CEO, adds: “We are thrilled to join the Nemetschek Group as we continue our mission to simplify inspections and digitize paper-based processes. This partnership will accelerate our growth and development, allowing us to offer our solutions to a wider range of customers. Together, we will support them in safeguarding their people, protecting their assets, and delivering exceptional quality.”

“We are very much looking forward to welcoming the GoCanvas team to the Nemetschek family,” adds Usman Shuja, Chief Division Officer of the Build & Construct Division and CEO of Bluebeam Inc. “GoCanvas extends the simplicity and delightful user experience that Bluebeam and 123OnSite users value. I am excited to expand our latest innovations to the field worker. Our customers will significantly benefit from this combined power, as we are now able to provide a comprehensive offering with the most advanced and sustainable functionalities possible.”

Innovative and fast-growing company

GoCanvas was founded in 2008 and has more than 300 employees with locations in the US, Canada, Australia and South Africa. With its strong Annual Recurring Revenue (ARR) growth of around 20% in recent years, GoCanvas generated an ARR of USD 67 million and an operating margin still below the Nemetschek Group average in 2023. GoCanvas’ growth is expected to stay at the level of around 20% in the coming years with an increase in operating margin resulting from operational leverage, synergies and economies of scale. The purchase price (on a cash-/debt-free basis) represents a 2023 ARR multiple of around 11.5x based on the 2023 ARR.

Transaction financing will be provided by Nemetschek’s own cash resources and existing credit facilities. The acquisition is expected to close in summer 2024 and is subject to customary regulatory approval and closing conditions. Until the transaction closes, each company will continue to operate independently. Upon closing, the CEO of GoCanvas, Viyas Sundaram, and his team will join the Nemetschek Group. More details related to the transaction will be disclosed after closing of the acquisition.

About the Nemetschek Group

The Nemetschek Group is a globally leading provider of software for digital transformation in the AEC/O and media industries. Its intelligent software solutions cover the entire life cycle of construction and infrastructure projects and allow creatives to optimize their workflows. Customers can plan, construct, and manage buildings and infrastructure more efficiently and sustainably, and develop digital content such as visualizations, films, and computer games in a creative way. The software company drives new technologies and approaches such as artificial intelligence, digital twins, and open standards (OPEN BIM) in the AEC/O industries to increase productivity and sustainability. We are continuously expanding our portfolio, including through investments in disruptive start-ups. More than 7 million users are currently designing the world with the customer-focused solutions of our four segments. Founded by Prof. Georg Nemetschek in 1963, the Nemetschek Group today employs more than 3,400 experts.

The company, which has been listed in the MDAX and TecDAX since 1999, achieved a revenue of EUR 851.6 million and an EBITDA of EUR 257.7 million in 2023.

About GoCanvas

GoCanvas is dedicated to transforming how businesses connect their office and field workers. The user-friendly platforms aim to simplify inspections, digitize traditional paper-based processes, improve safety, and ensure maximum compliance with industry standards. GoCanvas mobile and cloud solutions are designed to streamline data collection from the field to the office, taking care of administrative tasks so GoCanvas’ customers can focus on what matters most — ensuring the safety of their teams, maintaining the integrity of their equipment, and operating more efficiently.

Since 2008, GoCanvas has been driven by a commitment to excellence and continuous innovation. Based in Reston, Virginia, GoCanvas is trusted by thousands of companies to optimize their operations and deliver fast, high-quality results.

Contacts

Ema Gantcheva | ema.gantcheva@gocanvas.com
443.326.9918

With a new leader on board, global fintech Adyen eyes innovation and long-term growth in Canada

TORONTO–(BUSINESS WIRE)–Today, Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announced the opening of its own office in Toronto. The new Toronto office will serve as the company’s Canadian headquarters, underscoring Adyen’s commitment to sustained growth in the Canadian market. As part of Adyen’s ongoing commitment to growing in Canada, Adyen is also pleased to welcome Ilona Fagyas to its leadership team as its new Head of Sales later this month.

Since the start of 2020, Adyen has established a strong presence in Canada, expanding its team to 26 employees across various functions to support local and global businesses operating in the region. The company has forged local partnerships, launched new products, and added notable merchants like Moose Knuckles and Mejuri to its Canadian client base next to its already impressive global client base. Leveraging its financial technology platform, Adyen’s team offers innovative solutions that are transforming the way Canada pays.

“The opening of Adyen’s Toronto office represents a significant milestone for Adyen Canada as we continue to expand. Our growth is driven by our dedicated team, who consistently assists our growing customer base with innovative payment technology. The progress in payment technology has prompted many organizations and businesses to remodel their technology stack and operations for greater flexibility and convenience in payments. Adyen is at the center of this transformation,” said Sander Meijers, Adyen Canada Country Manager. “We are thrilled to welcome Ilona to the leadership team, and continue to offer end-to-end payment capabilities that benefit both Canadian businesses and shoppers alike.”

With over 15 years of sales management experience, Ilona Fagyas is a proven payments leader in the Canadian FinTech industry. Ilona has led enterprise segments at prominent organizations including TD, Chase, and most recently, PayPal. Her dedication to excellence has been recognized through numerous President’s Club designations, highlighting her contributions to year-over-year improvement in top-performing regions. As the Head of Sales for Adyen Canada, Ilona will be focused on expanding Adyen’s footprint in the region and optimizing its growing commerce business.

“The Payment Technology industry in Canada is ripe for change, and I have long admired how Adyen provides Canadian businesses with seamless payment experiences in one, single solution,” said Ilona Fagyas, Adyen Canada Head of Sales. “I am excited to join the Adyen team in its mission to make payments more accessible for Canadians across the country, and ultimately, scale the business to new heights.”

Adyen has over 20,000 payment terminals in thousands of Canadian stores, with hundreds of Canadian brands interacting with Adyen’s platform daily. Adyen sets itself apart from other fintech platforms by offering all payment and financial products within its one innovative platform. Through Adyen’s platform, businesses can quickly respond to consumer demand for the latest trends in payments and consumer experiences with minimal effort – for example, by utilizing tokenization to inter-connect customer journeys across Pay By Link, mobile POS, buy online and return in-store, with a wealth of customer data captured in the process.

Adyen’s financial technology platform is available to help Canadian enterprises – including those in retail, hospitality, platform services, digital services and subscriptions, and e-commerce – achieve their ambitions faster. For more information, visit https://www.adyen.com.

About Adyen

Adyen (AMS: ADYEN) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Mejuri, Uber, H&M, Ebay, Moose Knuckles, Lightspeed and Microsoft. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company’s website.

Contacts

Media
Lindsay Silverberg

Business Director, Talk Shop Media

lindsay@talkshopmedia.com

DALLAS–(BUSINESS WIRE)–AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led joint venture with Akima Support Operations has been selected by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific to deliver facility support services under the Global Contingency Services Multiple Award Contract (GCSMAC). This is AECOM’s third consecutive GCSMAC award, spanning 13 years of engineering and operations support for NAVFAC facilities throughout the world under this contract.

“We’re proud to build on years of collaboration with the Navy by deploying our extensive federal disaster recovery capabilities to address critical facility needs in the Pacific and worldwide,” said Lara Poloni, AECOM’s president. “Our industry-leading experts, many of whom joined AECOM as veterans, remain dedicated to the Navy’s mission and bring specialized expertise from our previous GCSMAC projects.”

Under this multiple-award, indefinite-delivery, indefinite-quantity contract, the joint venture will provide various services in response to natural disasters, humanitarian efforts, Navy operations and projects worldwide. The scope of work also encompasses supporting the Navy’s facility maintenance and modernization operations, as well as providing incidental environmental and engineering services.

“Our team brings together highly skilled program managers and technical specialists with proven success on complex large-scale federal programs,” said Karl Jensen, executive vice president of AECOM’s National Governments business. “As we continue to advance our Think and Act Globally strategy, our dedicated professionals will leverage our global contingency expertise, which includes rapid deployment of resources as well as facility and infrastructure support.”

AECOM entities have supported the U.S. Navy for more than 90 years, and the Company has delivered approximately $1.5 billion in services worldwide in the past decade. This includes complex programs such as NAVFAC Pacific and Atlantic Comprehensive Long-Term Environmental Action Navy (CLEAN), and numerous planning, architecture, engineering, and environmental services contracts.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs, geopolitical events, and conflicts; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Contacts

Media Contact:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

William.Gabrielski@aecom.com

C$880 million acquisition will enhance Saint-Gobain’s position in light and sustainable construction and further strengthen its product portfolio in Canada.

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada. With approximately 690 employees working across twelve manufacturing sites throughout Canada, Bailey will reinforce Saint-Gobain’s commitment to growth in the country, adding more than C$500 million in revenues.

With today’s announcement, Saint-Gobain has successfully completed its third major acquisition in Canada in the last three years. These include the acquisition of Kaycan (2022) a leader in siding and exterior solutions and Building Products of Canada (2023) a major manufacturer of residential roofing shingles and wood fiber insulation panels. All three additions complement CertainTeed Canada’s extensive portfolio of interior building materials, and Bailey will further enrich Saint-Gobain’s full-range offer of interior and exterior solutions.

The Bailey Group of Companies, which will continue to operate under its current brand name, joins the local North American construction business, within the Americas region.

Today’s announcement follows several other recent growth investments announced by Saint-Gobain in Canada:

• In February, Saint-Gobain completed the installation of a recovery system at its gypsum facility in Vancouver, British Columbia, expected to reduce Scope 1 carbon dioxide emissions by 15%.
• In September, Saint-Gobain completed the $1.325 billion acquisition of Building Products of Canada Corp., reinforcing its leadership in light and sustainable construction in Canada.
• In 2022, Saint-Gobain announced the acquisitions of both Kaycan and GCP, strengthening its leadership positions in siding and construction chemicals respectively in both Canada and the United States.
• In June 2022, Saint-Gobain and CertainTeed Canada announced an investment to upgrade equipment at its gypsum facility outside Montreal, which will increase the plant’s production capacity by up to 40%. The plant will also transition away from fossil fuels to solely being powered by renewable electricity from Hydro-Quebec, making it the first zero-carbon wallboard plant in North America for scopes 1 and 2 emissions. Work on this project is currently underway.

With over 145 manufacturing locations in Canada and the United States, every current and future member of the company’s team plays a vital role in achieving its sustainability goals. A current list of job openings at all Saint-Gobain locations can be found on the company’s careers website.

About CertainTeed

With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

About The Bailey Group of Companies

Founded in 1950 by Sam Bailey, The Bailey Group of Companies is a family owned, Canadian operation. The Bailey Group of Companies, consisting of Bailey-Hunt Limited and its subsidiaries, is recognized as an industry leader, offering building solutions to both the commercial framing and drywall finishing residential markets.

With twelve locations across Canada, our manufacturing capacity and national presence ensures that our customers, across the country, have the products they require quickly. Bailey production facilities are strategically located within 90% of Canadian job sites. We constantly work to deliver high quality, innovative valuable products. Supplying industry leading service and product solutions for the construction industry is our long-standing and enduring commitment.

Contacts

Media:
Peter Clark (+1) 603 513 8513