CANADA - The Caisse de dépôt et placement du Québec has committed C$39.8m (US$37.2m) to Canadian technology company GLV, as part of an ongoing programme to invest C$1.5bn in Quebec-based firms.
The latest investment will enable GLV, which provides technology for water treatment and pulp and paper production, to expand by taking over Austrian water treatment company Christ Water Technology (CWT).
The move follows a C$100m loan extension to Yellow Pages and investments in other local firms, including publishing firm Transcontinental, hydraulic stage marker Stageline Group and engineering company Averna. (Global Pensions; July 27, 2009)
Caisse executive vice-president of private equity and chief operations officer Normand Provost said: "This investment is an integral part of our strategy aimed at supporting companies that perform well and are leaders in their market.
"With the acquisition of CWT, GLV will be able to position itself as a global leader in the market for comprehensive, effective and environmentally sound solutions to treat industrial and municipal water."
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