Canadian financial institutions Caisse de depot et placement du Quebec (CDPQ) and the Fonds de solidarite FTQ have announced a minority investment of $80m in Triotech, a global leader in immersive and interactive attractions for the entertainment industry.
Montreal-based Triotech designs, manufactures and markets rides that integrate several technologies to deliver a multi-sensorial experience. To date, the company’s products have been installed in more than 50 countries.
In 2015, the group revolutionised the attraction’s industry by developing the Maestro technology, which relies on hand gestures. The rides that integrate this technology are currently being deployed in certain Legoland amusement parks and will be deployed more extensively throughout the world in the years to come.
Commenting on the investment, Ernest Yale, founder, president and CEO of Triotech, said he was “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 Quebec.”
Christian Dube, executive vice president of Quebec of la Caisse, stated: “This $40m investment is aligned with our commitment to further the international growth of high-performing Quebec businesses that put innovation at the heart of their business plan.
“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.”