{"id":1437,"date":"2014-04-09T13:54:36","date_gmt":"2014-04-09T17:54:36","guid":{"rendered":"http:\/\/telecon.dev.leeroy.ca\/groupe-telecon-annonce-lacquisition-de-la-division-services-dingenierie-de-netricom\/"},"modified":"2017-10-24T14:32:15","modified_gmt":"2017-10-24T18:32:15","slug":"telecon-group-announces-the-acquisition-of-netricoms-engineering-services-division","status":"publish","type":"post","link":"https:\/\/telecon.com\/en\/telecon-group-announces-the-acquisition-of-netricoms-engineering-services-division\/","title":{"rendered":"Telecon Group announces the acquisition of Netricom\u2019s Engineering Services division"},"content":{"rendered":"<h4 style=\"text-align: center;\">Funding from Capital r\u00e9gional et coop\u00e9ratif Desjardins and La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec allows Telecon Group to become a Canadian leader in telecom infrastructure solutions.<\/h4>\n<p>&nbsp;<\/p>\n<p><strong>Highlights<\/strong><\/p>\n<ul>\n<li>Acquisition of Netricom\u2019s Engineering Services division raises Telecon Group\u2019s employee base from 1,300 to over 2,100 in eight Canadian provinces<\/li>\n<li>Renewed CRCD and La Caisse partnership helps to expand company\u2019s market presence across Canada<\/li>\n<li>Transaction made possible through additional investments of $15 million by Capital r\u00e9gional et coop\u00e9ratif Desjardins (CRCD) and $7 million by La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (Caisse)<\/li>\n<li>CRCD, a publicly traded fund managed by a Desjardins Group entity, remains majority shareholder of Telecon Group<\/li>\n<li>Telecon Group keeps head office in Trois-Rivi\u00e8res, Qu\u00e9bec<\/li>\n<\/ul>\n<p>Montr\u00e9al, April 9, 2014 \u2013 Thanks to funding from\u00a0<a href=\"http:\/\/www.capitalregional.com\/en\/index.asp\" target=\"_blank\" rel=\"noopener\">Capital r\u00e9gional et coop\u00e9ratif Desjardins<\/a>\u00a0(CRCD) and\u00a0<a href=\"http:\/\/www.lacaisse.com\/en\" target=\"_blank\" rel=\"noopener\">La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec<\/a>\u00a0(La Caisse),\u00a0<a href=\"http:\/\/telecon.ca\/Accueil-fr-1\" target=\"_blank\" rel=\"noopener\">Groupe Telecon<\/a>, headquartered in Trois-Rivi\u00e8res, has acquired the engineering services division of Netricom. The transaction allows Telecon Group to deliver to its clients a modular or comprehensive offering of integrated telecommunications and power infrastructure services including design, location of utilities, construction, installation, repair and maintenance. In this transaction, CRCD and La Caisse reinvested $15 million and $7 million respectfully, for a total investment of $49 million and $30 million.<\/p>\n<p><strong>Now a Canadian leader in its industry<\/strong><\/p>\n<p>By acquiring this division of Netricom \u2014 a top quality provider of professional and technical engineering of wireline or wireless network services \u2014 Telecon Group stretches its presence coast to coast. Over 800 highly qualified Netricom employees will now join Telecon Group, raising the Group\u2019s total headcount to 2,100. The workforce spans eight Canadian provinces: Qu\u00e9bec, Ontario, Alberta, British Columbia, Nova Scotia, New Brunswick, Saskatchewan, and Newfoundland and Labrador.<\/p>\n<p>According to Telecon Group President and CEO Andr\u00e9 H\u00e9roux,<em>\u00a0\u201cThis transaction confirms our leadership position in the Canadian telecommunications and power infrastructure industry. We\u2019ll stand out from the competition thanks to our ability to deliver turnkey services to our clients nationwide through a modular or comprehensive offering of integrated telecommunications and power infrastructure services, including design, location of utilities, construction, installation, repair and maintenance.\u201d<\/em><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/SFwal3fGpr4\" width=\"1280\" height=\"720\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>In a video message to Telecon Group employees and clients, Mr. H\u00e9roux applauded the exceptional contribution from his two key shareholder partners over the past three years. \u201cIn 2011, the investment made by Capital r\u00e9gional et coop\u00e9ratif Desjardins and La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec set in place Telecon Group\u2019s long-term succession plan. They literally allowed us to thrive as a Canadian leader. We\u2019re proud to have them as our strategic partners to fulfill our ambition of building a country-wide footprint to double our earnings in three to five years.\u201d<\/p>\n<p>Capacity-building effect of patient capital provided by the Caisse and CRCD<\/p>\n<p>According to Marie-Claude Boisvert, COO at Desjardins Business, Capital r\u00e9gional et coop\u00e9ratif, \u201cOur mission is to help SMEs become the Bombardiers of tomorrow. And Telecon Group perfectly represents the kind of organization that CRCD strives to support. Back in 2011, as majority shareholder, CRCD knew that Telecon Group had the potential to become a major Canadian player in its industry. Knowing that today it has achieved this goal is a source of great pride for us and some 100,000 CRCD shareholders in Qu\u00e9bec.\u201d<\/p>\n<p>\u201cThrough this investment, La Caisse expands Telecon\u2019s country-wide presence, enabling it to become one of the leading players in its industry,\u201d said Normand Provost, Executive Vice-President, Private Equity at La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec. \u201cLa Caisse has consistently supported Telecon in its growth over the past three years. In particular, in 2011 it supported a transfer of the business to a high-performing executive team capable of managing its rapid expansion.\u201d<\/p>\n<p>About Telecon Group<\/p>\n<p>Headquartered in Trois-Rivi\u00e8res with its administrative centre in the Pointe-aux-Trembles area of Montr\u00e9al, Telecon Group has been offering turnkey solutions as well specific and dedicated design, location of utilities, construction, maintenance and repair services for telecommunications networks since 1967. With business places in eight Canadian provinces, Telecon Group has customers in major players in the telephony, cable television and Internet industries, as well as telecommunications and power network operators. Prior to the acquisition announced today, the company had over 1,300 employees, including nearly 900 in Qu\u00e9bec. In 2011, Capital r\u00e9gional et coop\u00e9ratif Desjardins and La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec became shareholders through a $60 million investment in Telecon Group. (www.telecon.ca)<\/p>\n<p>About Capital r\u00e9gional et coop\u00e9ratif Desjardins<\/p>\n<p>With over 100,000 shareholders and $1,471 million in net assets, Capital r\u00e9gional et coop\u00e9ratif Desjardins (CRCD) is a public company managed by Desjardins Business Capital r\u00e9gional et coop\u00e9ratif. CRCD contributes to Qu\u00e9bec economic development through several levers developed with its manager, with CRCD as the driving force. These levers form CRCD\u2019s entrepreneurial ecosystem designed to value and nurture the best of Qu\u00e9bec entrepreneurship. Directly or indirectly through its ecosystem, CRCD supports the growth of over 360 businesses, cooperatives and funds in various industries spanning all Qu\u00e9bec regions, helping to create and retain 47,000 jobs. (www.capitalregional.com)<\/p>\n<p>About La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec<\/p>\n<p>La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2013, it held $200.1 billion in net assets. As one of Canada\u2019s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate, globally. (www.lacaisse.com)<\/p>\n<p><a class=\"btn-primary-section-4 btn-primary dark-gray\" href=\"http:\/\/telecon.ca\/uploads\/cms_news\/documents\/PRCRCD1405-Telecon.pdf\">More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Funding from Capital r\u00e9gional et coop\u00e9ratif Desjardins and La Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec allows Telecon Group to become a Canadian leader in telecom infrastructure solutions. &nbsp; Highlights Acquisition of Netricom\u2019s Engineering Services division raises Telecon Group\u2019s employee base from 1,300 to over 2,100 in eight Canadian provinces Renewed CRCD and La Caisse<a class=\"excerpt-read-more\" href=\"https:\/\/telecon.com\/en\/telecon-group-announces-the-acquisition-of-netricoms-engineering-services-division\/\" title=\"ReadTelecon Group announces the acquisition of Netricom\u2019s Engineering Services division\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-1437","post","type-post","status-publish","format-standard","hentry","category-headlines"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/posts\/1437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/comments?post=1437"}],"version-history":[{"count":4,"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/posts\/1437\/revisions"}],"predecessor-version":[{"id":1442,"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/posts\/1437\/revisions\/1442"}],"wp:attachment":[{"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/media?parent=1437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/categories?post=1437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecon.com\/en\/wp-json\/wp\/v2\/tags?post=1437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}