BDC, Caisse team for $12M investment in Montreal defence manufacturer
The company's main clients are the Canadian, American, British, German and Swiss armed forces.
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.