News of French companies (January 2016) [fr]
- Ubisoft (video games) acquires Longtail Halifax
- Montupet (automotive parts) will soon be under control of the Canadian company Linamar
- Cegid (cloud technology and management software) buys Canadian firm Technomedia
- Derichebourg (recycling services) establishes its North American headquarters in Montréal
- Soprema (waterproofing construction products) opens a new facility in Québec
- Accor Hotels (hospitality) acquires the Canadian company FRHI, which owns the Fairmont, Raffles, and Swissôtel brands
- Tube2com (webmarketing) establishes operations in Montréal
- Boralex (energy) expands its wind turbine project portfolio in France
On October 13th, 2015, announced that it had acquired the studio Longtail Halifax, which will join its international network of studios. The studio—rebaptized Ubisoft Halifax—is primarily known for the development of such games as Rocksmith® and Sports Connection®. It will specialize exclusively in the development of mobile games. Ubisoft has worked closely with such local organizations as Nova Scotia Business Inc. (NSBI). More information
Canadian automotive part manufacturer Linamar opened its public takeover bid of its French competitor Montupet on Thursday, December 10th. In mid-October, Linamar announced that it intended to buy Montupet for €771 million, plus €65 million in debt assumption, in a friendly takeover. The two parties have already signed an agreement under which Montupet has agreed to support Linamar’s initiative and not to solicit other offers. More information.
Cegid, the French leader in management solutions, announced on December 1st, 2015, the acquisition of Technomedia (Canadian company active in the United States, Europe, and in Hong Kong), the producer of an international suite of SaaS (Software as a Service) talent management software for companies and public sector organizations. This merger will help Cegid accelerate its growth sector in the field of talent management solutions and its own international development. More information.
On December 2nd, 2015, Derichebourg Environnement announced that it will establish its North American headquarters in Montréal. The company expects to create 500 jobs in Québec over the next five years. One month ago, the company, which specializes in recycling management, obtained five-year contracts with an additional two-year option for the collection of household waste in the Rosemont-la-Petite-Patrie and Côte-des-Neiges-Notre-Dame-de-Grâce neighbourhoods. The total value of these acquisitions has reached $29 million. The contracts began December 1st. Montréal International, in collaboration with Investissement Québec, provided the company with support as it established operations in the region. More information
On December 7th, 2015, Soprema opened the doors of a new facility in Drummondville. Soprema specializes in the production of SBS bitumen waterproofing products for residential and non-residential buildings. This is Soprema’s third facility in Drummondville and the first polyisocyanurate insulation plant in North America. This material is used for roofing construction and insulation. The government of Québec, through Investissement Québec, made a financial contribution of $1 million CAD and offered a $7.5 million loan in support of this project, the total value of which is estimated at $44 million. This project is expected to create 56 jobs over the next three years. More information.
Accor Hotels (hospitality) acquires the Canadian company FRHI, which owns the Fairmont, Raffles, and Swissôtel brands
On December 9th, 2015, Accor Hotels announced that it had signed an agreement with Qatar Investment Authority (QIA), Kingdom Holding Company of Saudi Arabia (KHC), and Oxford Properties, which is part of the portfolio of the Ontario Municipal Employees Retirement System (OMERS), in order to purchase FRHI Holdings Ltd (FRHI). Three of the most prestigious global luxury hospitality brands are covered under the FRHI umbrella: Raffles, Fairmont, and Swissôtel. This transaction is valued at $2.9 billion USD (€2.6 billion). This is the biggest acquisition ever carried out by the French hospitality group. More information
Webmarketing agency Tube2Com’s newest subsidiary in Montréal is called Kap—Tactiques Numériques. The creation of this branch comes from Tube2Com’s decision to offer its webmarketing expertise in a dynamic market that offers many opportunities. Tube2com affirmed this intention through a professional visit (organized by the Office Franco-Québécois pour la Jeunesse) and through the development of a significant partnership with sector leader iXmédia. More information.
The Canadian company Boralex Inc. has reached an agreement regarding exclusive discussions with private developers for the acquisition of a portfolio of wind turbine projects located in France with a total capacity of almost 350MW. The conclusion of such an agreement would allow Boralex to acquire the following by 2018: 79MW in projects that are ready to be built (and will go into service in 2017¬–2018), 159MW in projects in an advanced stage of development, and 118MW in projects in the preliminary stages of development. More information
Boralex participated in the “Osez la France” initiative. Click here to watch a message from Boralex President and CEO Patrick Lemaire, recorded by the Press and Communication Service of the Embassy of France to Canada.