CDPQ becomes a shareholder of Solotech to accelerate the company’s international growth
CDPQ today announced it acquired a minority stake in Solotech, a global leader in audiovisual and entertainment technology. The goal of this transaction, which represents the largest investment in the company since
Solotech highlights:
- Founded in Montréal in 1977, Solotech has recognized experience in event and technology solutions, as well as in selling and integrating audiovisual systems.
- The company has 2,000 employees in 20
- Since 2013, the company has been held by a group of Québec-based shareholders—Claridge, Investissement Québec and Desjardins Capital—that CDPQ now
- 10 acquisitions completed since
- Over 12,000 projects delivered annually.
“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,” said Kim
Thomassin, Executive Vice-President and Head of Québec at CDPQ.
“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,” noted Martin
Tremblay, President and Chief Executive Officer of Solotech.
“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,” added Pierre
Boivin, President and Chief Executive Officer of Claridge and Chair of the Board of Directors of Solotech.
With a solid network of partners, Solotech offers audio, video, lighting, rigging, staging and control and collaboration systems, as well as eSports and webcasting 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.
From Las Vegas to London and Miami to Ottawa, Solotech’s experienced team has been involved in corporate events, nearly 280
Solotech ranks 5th among the top 50
Martin Tremblay concludes: “We’re thrilled by the new possibilities for our teams that CDPQ’s arrival will provide to further promote their expertise and talent. 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.”
About Solotech
Founded 45 years ago, Solotech is a world leader in audiovisual and entertainment technology with 20
About CDPQ
At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June
CDPQ is a registered trademark owned by Caisse de dépôt et placement du Québec and licensed for use by its subsidiaries.
- 30 -
For more information
-
MÉLANIE JOLINDirector, Global Public Relations and CommunicationsSolotech+1 514 649-1553