CDPQ Invests in Solotech
Posted on 11/29/2023
Caisse de dépôt et placement du Québec (CDPQ) acquired a minority stake in Solotech, a company engaged in audiovisual and entertainment technology. The goal of this transaction, which represents the largest investment in the company since 2013, is to support Solotech’s acquisition and organic growth strategy to expand its presence in various markets and create more value for its customers. Founded in Montréal in 1977, Solotech has recognized experience in event and technology solutions, as well as in selling and integrating audiovisual systems. Since 2013, the company has been held by a group of Québec-based shareholders—Claridge, Investissement Québec and Desjardins Capital—that CDPQ now joins. From Las Vegas to London and Miami to Ottawa, Solotech’s experienced team has been involved in corporate events, nearly 280 festivals per year and musical tours, including by Taylor Swift, P!nk, Harry Styles, Adele, and The Weeknd. A major share of its annual revenues is generated by complex and large-scale audiovisual installations, including Resorts World Las Vegas, Outernet and Tottenham Hotspur Stadium in London, Disney World, Bell Centre, Caesars Palace, Hong Kong International Airport and many more.
Keywords: Caisse de depot et placement du Quebec.
