Distech Controls pursues dynamic growth strategy
April 24, 2013
Distech Controls has announced total investments of $38-million (CAD) in the company, to be approved by regulatory authorities. The investment will expand Distech Controls’ capital base and the proceeds of this financing will be used to accelerate the company’s growth plan and development roadmap worldwide, including acquisitions. The new investors include the Caisse de dépôt et placement du Québec (CDPQ), Export Development Canada (EDC), EnerTech Capital, Fonds de solidarité FTQ, W2 Investments and a strategic partner. They join Distech Controls’ existing group of investors and founder, president and CEO of Distech Controls Inc, Étienne Veilleux, in forming a majority Canadian ownership. Distech Controls, which provides building management technologies and services that optimize energy efficiency and comfort in buildings, serves multiple market segments through its worldwide business divisions, service offices and a network of Authorized Partners.