SPX Technologies completed the acquisition of Neptronic Inc. for a total cash consideration of CA$605 million.
Siemens Canada celebrated the completion of a one-year expansion at its Drummondville, Quebec factory, adding over 40,000 sq ft of production space at an investment of about CAD 14 million, supported by a CAD 5.6 million Quebec government loan.
Canadian transformer maker CES Transformers celebrated the grand opening of a 160,000 sq ft expanded manufacturing facility in Markham, Ontario, which will more than triple its production capacity and create over 150 jobs by 2030.
Siemens Canada is investing approximately CAD 14 million in a multi-phased modernization of its Drummondville, Quebec factory to expand made-to-order switchboard production and increase automation, which could raise jobs by up to 15% by 2027.
Manitoba Hydro signed a contract with Siemens Canada to install up to twelve replacement generator circuit-breaker systems at its 1,220 MW Kettle Generating Station in Manitoba.
NEXCAP Partners, a Quebec investment banking group, has acquired a majority share in Gecko Alliance Group, a pool and spa control systems and pumps manufacturer. Cofounders remain shareholders.
A group of investors led by NEXCAP Partners, including Desjardins Capital, Fonds de Solidarité FTQ and Fondaction, has acquired a controlling interest in Quebec-based spa equipment maker Gecko Alliance Group. Co-founders remain shareholders and Georges Marchildon was named CEO.
Siemens Energy was selected as single solution supplier for the all-electric 2.1 mtpa Woodfibre LNG terminal near Squamish, British Columbia, covering main refrigeration compressor trains, motors, drives and transformers. The contract value was not disclosed.
ANDRITZ received an order from Mississagi Power Trust, a subsidiary of Evolugen by Brookfield Renewable, for major rehabilitation of the G1 turbine and generator and electrical balance of plant at Red Rock Falls Generation Station in Ontario. Work starts June 2022 with final commissioning expected in April 2023.
Kontron is expanding its Boisbriand product development and North American production centre in Quebec, creating 29 full-time jobs over the next three years.
The Master Group has acquired Alberta-based Soper's Supply Ltd, a distributor of electric motors, fans, blowers and pumps to the Western Canada market. The deal adds branches in Winnipeg, Edmonton, Calgary, Surrey and Vancouver.
Hydro-Quebec will invest over CAN$25 million in 2020 to grow Dana TM4 and its electric powertrain business, with new operations in the UK, India and the US and 100 new jobs in Boucherville, Quebec.
Wolseley Canada acquired Calgary-based James Electric Motor Services, a market leader in pump and motor sales and repair in Western Canada, with all 64 employees joining Wolseley. The deal was announced in September 2018.
Dana Incorporated becomes majority shareholder of TM4, Hydro-Québec's electric motor and inverter subsidiary, for CA$165 million, with Hydro-Québec keeping 45%. TM4's Boucherville, Québec facility and 130 employees remain in place.
Tulsar Canada, a manufacturer of water and wastewater control systems and a division of Zoeller Corporation, moved into a new facility in Brant County, Ontario, and plans to quadruple production and workforce there.