MONTREAL, April 13 /CNW Telbec/ - Société générale de financement du Québec (SGF) hereby announces an $8.7 million investment in Québec-based GLV Inc., a company specializing in the design and marketing of technological solutions for the water treatment and pulp and paper production industries. This transaction is part of the stock subscription process related to the $43.6 million private financing through a firm underwriting concluded on March 31.
"SGF supports Québec-based companies with structuring growth projects that seek to reinforce their position in their respective markets, says Pierre Shedleur, President and General Manager of SGF. We are proud to assist GLV in carrying out its business strategy and to contribute to its growth."
SGF's investment underscores two of its strategic orientations: participate in the consolidation and expansion of companies operating in specific sectors within Québec and contribute to accelerating the growth of high-performance Québec-based companies. As such, SGF seeks to support GLV's development, specifically with regards to the pursuit of its business goal focused on long-term value creation.
GLV is a world-class technology supplier for clients operating in both municipal and industrial sectors. Its hallmarks include its solid expertise and ability to supply comprehensive, value-added solutions, specifically with regards to water conservation and reuse applications. GLV's growth strategy is based on the continuous innovation and streamlining of its technologies, as well as the acquisition of other corporations and marketing licenses granting access to complementary technologies.
Société générale de financement du Québec (www.sgfqc.com), an industrial and financial holding company, has a mission to carry out economic development projects, particularly in the industrial sector, in cooperation with partners and in compliance with accepted profitability requirements and with the economic development policy of the Québec government. As part of its new mandate, SGF is authorized by the Québec government to go beyond its traditional role as an equity investor by offering complementary solutions, such as loans, debentures or preferred capital-share investments.
SOURCE SOCIETE GENERALE DE FINANCEMENT DU QUEBEC
For further information: For further information: Sophie Alarie, Senior Advisor, Communications and Public Relations, (514) 876-9368