MRO Magazine

Nexii has acquired Omicron as a wholly owned subsidiary


Industry

July 29, 2021
By Maryam Farag

Photo: Nexii and Omricon.

Nexii Building Solutions Inc. has acquired Omicron Canada Ltd. as a wholly owned subsidiary.

Nexii is a green construction technology company tackling the global environmental crisis through sustainable building products. Omicron is an integrated development services, design, and construction firms in Western Canada.

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, Hazleton and Vancouver Island plants. Their most recent work together was on the Courtyard by Marriott hotel in Nanaimo, BC, currently under construction with their development partner PEG.

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“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. “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.”

The leadership of both Nexii and Omicron will be unchanged: Stephen Sidwell remains as CEO of Nexii, and Bill Tucker will continue to lead the Omicron team as CEO.

“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 Tucker. “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.”