Membertou acquires ship expert Genoa Design International

By Rosemary Godin, Local Journalism Initiative Reporter, Cape Breton Post Membertou First Nation and Horizon Naval Engineering are about to acquire one of the Canadian shipbuilding industry’s leading design firms. The deal to buy Genoa Design International, the Digital Ship Experts, a 30-year-old leading detail design and 3D modelling firm, is scheduled to be completed by Jan. 31. The acquisition is subject to the completion of purchase agreements and satisfaction of closing conditions. Chief Terry Paul of Membertou, whose community is focused on investment in the marine sector, says this investment represents a partnership that brings Indigenous leadership together with technical excellence to build long-term economic strength. “By acquiring Genoa Design, we are not only growing a strategic business but also creating opportunities for innovation and Indigenous participation in a…

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