Canadian global investment group CDPQ has acquired a minority stake in Solotech. The goal of this transaction, which represents the largest investment in the company since 2013, is to support Solotech’s acquisition and organic growth strategy to expand its presence in various markets and create more value for its customers.
‘With this investment – the largest in the last decade for Solotech – CDPQ will support the company in its next growth stage. Aligned with CDPQ’s priorities, this means not only shifting activities into high gear, but also facilitating the company’s global expansion and promoting its audiovisual and technological know-how,’ says CDPQ Executive VP and Head of Québec, Kim Thomassin.
‘CDPQ’s commitment is a gauge of confidence in our business model, and their financial investment will allow us to seize new business opportunities as a global audiovisual and technology consolidator,’ says Solotech President and Chief Executive Officer, Martin Tremblay.
‘We enthusiastically welcome a new world-class partner like CDPQ. We firmly believe that we will benefit from an expansive additional network that will enhance our perspectives on the Board of Directors, notably in terms of growing Solotech,’ says Pierre Boivin, President and Chief Executive Officer of Claridge and Chair of the Solotech Board of Directors.
With a solid network of partners, Solotech offers audio, video, lighting, rigging, staging and control and collaboration systems, as well as electronic sports and webdiffusion virtual technology. The company leverages its unrivalled know-how to create unique experiences around the world. It has made a name in various markets, including music, sports, business, transportation, culture and education. It also has an e‑commerce platform offering new and used audiovisual equipment.
‘We’re thrilled by the new possibilities for our teams that CDPQ’s arrival will provide to further promote their expertise and talent,’ Tremblay concludes. ‘Serving clients around the world is the genesis of our expansion, and even today it’s what motivates us to offer quality service and the best technology for their ambitious projects.’
More: www.solotech.com
