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La Caisse & Fonds de Solidarite FTQ $80 Million Triotech Investment
Triotech, a market leader in immersive entertainment technology, has recently received a minority investment of $80 million from Caisse de depot et placement du Quebec (CDPQ) and the Fonds de solidarite FTQ.
Triotech designs, manufactures, and markets rides that integrate various immersice technologies to deliver a multi-sensoryl experience to visitors. To date, Triotech products are installed in more than 50 countries across six continents and over 53 million people have experienced them.
These products include Typhoon, the popular XD Theatre and XD Dark Rides, the updated Interactive Dark Ride, and the new Illusio technology and Maestro hand gesture technology!
In 2015, the company revolutionized its 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 seen more extensively in the years to come.
"This $40-million investment is aligned with our commitment to further the international growth of high-performing Québec businesses that put innovation at the heart of their business plan," said Christian Dube, Executive Vice-President, Quebec of la Caisse. "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."
"Triotech is among the innovative companies that do Quebec proud on the international stage, and it continues to think big," said Normand Chouinard, Executive Vice President, Investments, at the Fonds de solidarite FTQ. "By taking a stake of $40 million in Triotech, the Fonds will be right there to support the company in its development plan and, in so doing, further the creation of quality jobs in a growing industry."
Ernest Yale, Founder President and CEO of Triotech, said he is "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."
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