Sustainable Innovation Investments

The Caisse de dépôt et placement du Québec (CDPQ) has recently become a shareholder in Norda Stelo, a Quebec-based engineering consultancy. This partnership follows two years of CDPQ's involvement as a lender and represents Norda Stelo's first equity offering in 60 years. The collaboration aligns with a shared vision of innovation and sustainability, with CDPQ investing $28.1 million in equity financing. Norda Stelo remains majority-owned by its employee-shareholders, ensuring continuity in its mission and values. The financial backing from CDPQ is expected to bolster Norda Stelo's growth in key sectors such as infrastructure, natural resources, and strategic industries, while also enhancing its role in the transition to a greener economy.

This partnership is anticipated to accelerate sustainable innovation by increasing Norda Stelo's capacity for research and development and supporting its acquisition plans. With a focus on asset durability and environmental impact, the company aims to expand its positive influence on clients and communities both in Canada and internationally. CDPQ's involvement underscores its commitment to supporting businesses that prioritize sustainability and innovation. The collaboration builds on proven synergies and mutual trust, as demonstrated by previous successful integrations of CWA Engineers and InnovExplo. Together, CDPQ and Norda Stelo are poised to address major challenges in sustainability and infrastructure, contributing to a more resilient and environmentally conscious future.

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