Triotech, makers of the popular Typhoon simulator, multi-seat XD theaters and dark rides, and large-scale interactive dark rides, has secured investments of $40 million each from Caisse de Dépôt et placement du Québec (CDPQ) and the Fonds de Solidarité .
Company Founder and President Ernest Yale, said he’s “very pleased that our vision for the future for Triotech is backed by partners committed to the development of our business and who are among the largest financial institutions in Québec.”
“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, Executive VP of CDPQ. “With its leading-edge products and creative employees, Triotech is well positioned to benefit from the growth opportunities generated by the significant digital and interactive shift in amusement parks around the world.”
Seconding that thought about his own firm’s funding, Normand Chouinard, Executive VP of Investments at the Fonds, said, “Triotech is among the innovative companies that do Québec proud on the international stage, and it continues to think big. 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.”
Established in 1999, Triotech has 150 employees distributed between its Montréal head office, its Joliette plant and its U.S. and China offices. For more information, visit www.trio-tech.com.