Laval, April 30, 2012 – SYNERGX Technologies Inc. is proud to announce an important investment from two major Canadian Investment Firms: Novacap and Fondaction. As a world leading supplier of automated optical inspection technology for the glass industry, including photovoltaic, automotive, appliance and architectural glass, SYNERGX will assert itself as a true frontrunner in the market.
“With this important financing from two major capital investment firms, we now have the financial capacity to support our growth and solidify our worldwide leadership in the field of glass inspection. Novacap and Fondaction’s expertise in M&A and strategic alliances will be the turning point of our long term successful business plan”, said Stephane Lemieux CEO of SYNERGX.
“SYNERGX has built an excellent reputation in the industry, with a leading edge technology and a focus and commitment to excellent customer service. This global corporation is well-positioned to capitalize on its already impressive international footprint. We are delighted to provide value-added capital to continue to grow the business” said Stephane Tremblay, General Partner at Novacap who will join the board of SYNERGX.
“Its research and development have enabled SYNERGX to develop unique products on the market. Fondaction supports the growth of this innovative and worldwide company based in Quebec" said Geneviève Bouthillier, Assistant Head of Investments.
With over $750 million in assets under management, Novacap is one of Canada’s leading private equity and venture capital firms. Since 1981, its partnership strategy has helped over 50 companies accelerate growth and maximize value. Novacap is one of North America’s top private equity firms, with first-quartile returns in North America. Further information about Novacap is available at www.novacap.ca.
Fondaction invests in Quebec SMEs in order to help in maintaining and creating jobs in Quebec, in a sustainable development perspective. It manages $875 million in assets derived from retirement savings collected from more than 110,000 shareholders. It is the financial partner of some one hundred companies and partner and specialized funds operating in all industry sectors and in the social economy. www.fondaction.com
Information: Stephane Lemieux, CEO, 450 978-1240, ext. 226