The Caisse de dépôt et placement du Québec is to invest $80 million in Triotech, a Canadian company that produces media-based simulators for entertainment and edutainment markets.
The investment is a partnership with development capital organization Fonds de solidarité FTQ.
Created in 1999, Triotech has installed technology for rides in more than 50 countries. Some of its clients include Canada’s Wonderland, West Edmonton Mall, Legoland amusement parks and Ripley’s theme attractions.
“This $40-million investment is aligned with our commitment to further the international growth of high-performing Québec businesses that put innovation at the heart of their business plan,” said Christian Dubé, Caisse’s executive vice-president, Québec.
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Fonds de solidarité FTQ echoes a similar confidence in the investment.
“Triotech is among the innovative companies that do Québec proud on the international stage, and it continues to think big,” said Normand Chouinard, executive vice president of investments. “By taking a stake of $40 million in Triotech, the Fonds will be right there to support the company in its development plan and in so doing, further the creation of quality jobs in a growing industry.”
Currently, Triotech employs 150 people between its Montréal head office, its Joliette, Que. plant and its U.S. and China offices.
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