La Caisse supports the growth of D-BOX
Caisse de dépôt et placement du Québec (CDPQ) announced today a $5-million investment, in the form of a loan, in D-BOX, a global leader in motion simulation systems for the entertainment market. This transaction by CDPQ fits with its strategy to further the efforts of Québec’s most promising companies in their growth projects and to foster their expansion internationally.
To date, D-BOX does business in more than 40 countries. With its patented immersive motion technology, combined with the management team’s vision, D-BOX has landed contracts and established partnerships with the largest commercial theatre chains and the most prominent studios in Hollywood.
Large multinationals have started adopting D-BOX technology to ensure more realistic and effective virtual training programs. D-BOX is well positioned to intensify its deployment in commercial theatres and develop the simulation and training market. The unique motion technology developed by the company represents a value-added solution for its business partners from various industries.
“When it first invested in the company in 2010, la Caisse immediately saw D-BOX technology’s high potential and unique character,” said Christian Dubé, Executive Vice-President, Québec at CDPQ. “In a short time, the Québec company established itself as the global benchmark in its field. This additional investment in D-BOX is aligned with our commitment to support the international growth of Québec companies that make innovation central to their development.”
“D-BOX continues to establish itself successfully in many countries and to expand its footprint in North America,” said, previously by press release, Claude Mc Master, President and Chief Executive Officer of D-BOX. “We are also well positioned to capitalize on growth in the entertainment, simulation and training markets. We are pleased to strengthen our partnership with la Caisse, which will certainly support our expansion.”
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2014, it held $225.9 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ, which marks its 50th anniversary this year, invests globally in major financial markets, private equity, infrastructure and real estate. For more information: www.cdpq.com.
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