La Caisse invests $36.5 million to support Eddyfi’s international growth

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Caisse de dépôt et placement du Québec has announced a $36.5-million investment in Eddyfi, a Québec developer of inspection equipment and software for the industrial sector. In addition to becoming a minority shareholder in the company, la Caisse will provide the necessary liquidity for Eddyfi to carry out its ambitious growth plan focusing on foreign acquisitions. Headquartered in Québec City, Eddyfi is specialized in the development of equipment and software used to detect cracks, corrosion and other anomalies on different types of structures. Its advanced non-destructive testing (NDT) technologies – meaning no damage is caused to the asset being inspected – are used for the inspection of critical components in industries such as power generation, petrochemicals and aerospace. With the implementation of its growth plan, Eddyfi is well-positioned to reinforce its status as a global industry leader. Its technologies are perfectly suited to respond to global market trends such as widespread aging of critical infrastructure and increased inspection standards imposed on heavy industries and the aerospace sector. false false false Eddyfi currently has close to 200 employees working in its offices based in Canada, France, the United Kingdom, the United States, the United Arab Emirates and South Africa. false false false About Eddyfi Technologies Eddyfi Technologies is a label designed to maximize the potential of multiple advanced and niche NDT inspection technology brands. With its two centers of excellence in Québec City (Canada) and Swansea (UK), Eddyfi Technologies focuses on offering high-performance NDT solutions for the inspection of critical components and assets through two strong, complementary brands: Eddyfi and Silverwing. The company serves customers in more than 70 countries in such major industries as nuclear, power generation, oil & gas, and aerospace, leveraging its six offices around the globe, all staffed with NDT experts. 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, 2016, it held $270.7 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.