Triotech, creator of immersive and interactive attractions for the entertainment sector, has announced a minority investment of $80 million by Caisse de dépôt et placement du Québec (CDPQ) and the Fonds de solidarité FTQ.
Established in 1999, Triotech now has 150 employees with a head office in Montréal as well as a plant in Joliette plant and offices in the US and China.
Triotech's Maestro hand gesture technology is set to create a new generation of interactive rides, the first of which are currently being rolled out at selected Legoland parks.
Commenting on the announcement, Christian Dubé, Executive Vice-President, Québec of la Caisse, said, “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 Vice-President, Québec of la Caisse. “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.”
La Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor.
"Triotech is among the innovative companies that do Québec proud on the international stage, and it continues to think big, ” added Normand Chouinard, Executive Vice President, Investments at the Fonds de solidarité FTQ. “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."
The Fonds de solidarité FTQ is a development capital fund.
Ernest Yale, Founder President and CEO of Triotech said that he is "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."