The Caisse de dépôt et placement du Québec and the Business Development Bank of Canada (BDC) will invest $12 million in Revision Military Inc., a major Quebec developer and manufacturer of ballistic eyewear, head protection systems and other protective equipment designed for military and tactical use.
BDC is investing $7 million in the company, while the Caisse is investing a total of $5 million.
With its roots in manufacturing ballistic eyewear, Revision, for the past 10 years, has led a broad research and development, capitalization and marketing program to provide the market with innovative products designed to protect soldiers. This program has enabled the company to secure a leading position in its market.
The company currently operates three production plants and has more than 200 employees. Its main clients are the Canadian, American, British, German and Swiss armed forces.
“During the past few years, Revision has diversified its product offering to enhance its visibility and competitiveness,” said Normand Provost, executive vice-president, private equity, with the Caisse. “By partnering to provide Revision with financing, the Caisse is helping accelerate the growth of a Quebec-based company that is recognized for its innovation.”