PE-backed Métal 7 acquires Megatraction Equipment
Métal 7 Inc has acquired Les Équipements Megatraction Inc (Megatraction Equipment), a Québec City-based designer and maker of lifting equipment for heavy electric shovels or hydraulic excavators used in North America's mining industry. No financial terms were released. Métal 7, a Sept-Îles, Québec-based designer and maker of equipment for the primary sector, said the acquisition will broaden its line of specialized mining products and solutions. Métal 7 was acquired in 2014 by a consortium led by NCP Investment Management and including Fonds de solidarité FTQ, BDC Capital, Fondaction and other investors.
9 August 2018•3 mins read
