Caisse de dépôt et placement du Québec is investing in Datamars, a global company that uses technology to identify and track livestock, companion animals and textiles.

Caisse will become the Switzerland-based company’s largest shareholder, alongside its own senior management and Columna Capital, which has been invested in the company since 2011.

“Datamars’ management has been very successful in developing the company into a global leader in animal identification,” said Stéphane Etroy, co-head of direct investment, private equity at Caisse.

Read: Caisse partners with French industrial company to acquire GE Water

“Traceability has become an indispensable part of the agri-food sector given increasing food safety concerns worldwide, with identification as its linchpin. . . .”

“I am delighted to have CDPQ on board as strong long-term investors and supporters of our continued sustainable growth strategy, together with Columna we are positioned very strongly for the future,” said Klaus Ackerstaff, chief executive officer of Datamars.

The transaction is subject to regulatory approvals.

Read: Caisse invests $90M in Quebec wind farm

Copyright © 2017 Transcontinental Media G.P. Originally published on benefitscanada.com

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