Membertou First Nation and Horizon Naval Engineering to Acquire Genoa Design International
Membertou First Nation and Horizon Naval Engineering are set to acquire Genoa Design International, with the deal expected to finalize by January 31, 2026. The acquisition aims to enhance marine capabilities and promote Indigenous participation in Canada's ocean economy, supported by the First Nations Finance Authority. Genoa specializes in detail design and 3D modeling for shipbuilding, having completed over 130 projects for Navy and Coast Guard programs.
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Genoa Design International is set to be acquired by Membertou First Nation and Horizon Naval Engineering, with the transaction expected to complete by January 31, 2026. The acquisition aims to enhance marine capabilities and support growth in Canada's marine sector.
Chief Terry Paul highlighted the partnership as an opportunity for Indigenous participation in the ocean economy. The First Nations Finance Authority is providing financial support for the acquisition. Genoa has completed over 130 projects and specializes in detail design and 3D modeling for shipbuilding, particularly for Navy and Coast Guard programs.
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