Quebec (November 26, 2020) - Premier Tech is pleased to announce an investment of $251.2 million, in the presence of Mr. Pierre Fitzgibbon, Minister of Economy and Innovation, Mrs. Marie Eve Proulx, Minister responsible for Regional Economic Development and Minister responsible for the Chaudière-Appalaches, Bas-Saint-Laurent and Gaspésie – Îles-de-la-Madeleine regions, and Mr. Denis Tardif, Member of Parliament for Rivière-du-Loup – Témiscouata. This announcement follows the signing of a financial contribution agreement in the form of a repayable interest-free loan between Premier Tech and Investissement Québec, in the amount of $45 million.
This major investment on the part of Premier Tech is made within the framework of a significant acceleration in the company's manufacturing and Innovation, Research and Development (IR&D) investments. This will be carried out over a period of five years and will allow Premier Tech to increase its IR&D activities, accelerate its digital transformation and intensify its manufacturing operations in Quebec through the deployment of innovative manufacturing tools. This investment program also aims to develop new markets and accelerate the company's international influence by developing and enhancing several of its software and business platforms.
In addition to consolidating the activities and strengthening the teams at Premier Tech's World Headquarters, located at its Rivière-du-Loup Campus, this investment will generate the creation of some 500 new jobs in Quebec, allowing the company to reaffirm its ongoing commitment to strengthen its presence in Quebec and support its international development.
“Over the years, Premier Tech has been able to identify promising development and growth niches and put in place a unique and unparalleled innovation force in its various businesses on an international scale. Our strong growth is a direct reflection of our sustained and continuous investments in Innovation, Research and Development and in the improvement of our business processes, ”mentioned Jean Bélanger, President and Chief Executive Officer.
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