MONTREAL—The Business Development Bank of Canada (BDC) and the Caisse de dépôt et placement du Québec (Caisse) announced a joint investment of $12 million in Revision Military Inc. (Revision), a Quebec-based developer and manufacturer of ballistic eyewear, head protection systems and other protective equipment for military and tactical markets.
BDC is investing $7 million while the Caisse is investing a total of $5 million.
Revision operates three production plants and has about 200 employees. The company’s main clients are the Canadian, American, British, German and Swiss armed forces.
BDC is a Crown Corporation with almost 2,000 employees and more than 100 business centres across the country to provide financing, subordinate financing, venture capital and consulting services to small and medium-sized companies.
The Caisse de dépôt et placement du Québec is a financial institution that manages funds for public and private pension and insurance plans.