CDPQ becomes a shareholder of Norda Stelo: A partnership to accelerate sustainable innovation

Whats Happening:

CDPQ is formalizing its capital stake in Norda Stelo with a $28.1 million equity investment. This strategic partnership aims to accelerate Norda Stelo's growth in key sectors such as infrastructure, natural resources, and strategic industries. The investment will enable Norda Stelo to increase its innovation capacity, pursue acquisitions, and expand its positive impact both in Canada and internationally.

Key Moves:

• CDPQ invests $28.1 million in equity financing in Norda Stelo

• Partnership to accelerate growth in infrastructure and sustainable projects

• Norda Stelo to increase innovation capacity and pursue acquisitions

By The Numbers:

• $28.1 million equity investment from CDPQ

• Norda Stelo operates in Canada, the United States, and New Caledonia

• CDPQ's net assets totaled CAD 473 billion as of December 31, 2024

Key Quotes:

• "We are honoured to count on the support of CDPQ, a partner of choice that shares our vision of innovation and sustainability," - Alex Brisson, President and CEO of Norda Stelo

• "This partnership with Norda Stelo reflects our ambition to support the growth of companies that place sustainability and innovation at the heart of their business model," - Kim Thomassin, Executive Vice-President and Head of Québec at CDPQ

Bottom Line:

CDPQ's investment in Norda Stelo marks a significant step in supporting sustainable innovation and infrastructure development. This partnership aligns with both organizations' goals of creating positive impacts and addressing major global challenges through innovative engineering solutions.

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