VANCOUVER – Nexii Building Solutions Inc. has acquired Omicron Canada Ltd. as a wholly owned subsidiary.
Nexii is a green construction technology company and Omicron is one of the largest integrated development services, design and construction firms in Western Canada.
A press release from Nexii states Omicron will enhance Nexii’s operational capabilities with in-house expertise and proven business development, client service and project delivery processes.
Nexii and Omicron have worked as partners since February 2019, when Omicron became one of the early shareholders and adopters of Nexii technology, followed by a range of project collaborations across both teams.
Collaborations include engineering and design assignments for plant operations, manufacturing and specific product design for Nexii’s Squamish, Hazelton and Vancouver Island plants. Their most recent work together was on the Courtyard by Marriott hotel in Nanaimo, B.C., currently under construction with their development partner PEG.
“Omicron and Nexii have been collaborating in several key areas of mutual interest for the last two years, with the shared aim to tackle the construction industry’s main challenge; how to change the way we build in the face of climate change,” said Stephen Sidwell, CEO of Nexii, in the release. “Today’s merger formalizes and deepens this relationship and represents a natural strategic evolution for both companies. We are excited to join together to achieve better outcomes for our clients and for the environment.”
Omicron will become a subsidiary of Nexii, continuing to serve existing clients and providing services under the Omicron brand, while also supporting Nexii business development and project delivery. The merger will combine Nexii’s project operations with Omicron’s integrated project delivery platform.
The leadership of both Nexii and Omicron will be unchanged.
“Omicron was one of the early shareholders to understand the potential of Nexii and invest in the company because we recognized the power of their innovative technology,” said Bill Tucker, CEO of Omicron. “Today, we take our valuable partnership one step further, combining our teams and processes to deliver faster, greener, more efficient projects for all our clients.”