CDPQ and Fonds de solidarité FTQ-backed Ocean buys Techsol

Ocean Group has acquired Techsol Marine Inc, a Québec City-based specialist in electrical and electronic marine engineering. No financial terms were released. Established in 1996, Techsol installs and ensures the commissioning of automated systems for controlling and monitoring machinery used on ships worldwide. Ocean, a Québec City-based maritime services provider, said the deal will support its Canadian and global growth. Last year, Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ acquired a minority stake in Ocean for $112 million.

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