Caisse and Solidarity invest $78.3M in GLV acquisition

The Caisse de dépôt et placement du Québec and Solidarity Fund QFL have invested $39.8 million and $38.5 million respectively in GLV Inc to finance the Trois-Riviéres-based company's $85-million acquisition of Austrian-based Christ Water Technology AG. The acquisition is being made through GLV's indirect subsidiary, Eimco Water Technologies GmbH and will give GLV added design and fabrication expertise for advanced technologies used for industrial and municipal waste water treatment. GLV is a leading global provider of technologies used for wastewater treatment in recycling and purification and pulp and paper production....