BUYBACK OF DESJARDINS CAPITAL STAKEHOLDER IN NSE AUTOMATECH
January 08, 2021, Granby (Quebec - Canada),
DESJARDINS CAPITAL acquired in 2013, a 28.84% stake in the capital of NSE Automatech.
For 7 years, the company has grown and DESJARDINS CAPITAL and NSE have approved the buyout by NSE of this stake as of January 5, 2021.
NSE would like to thank DESJARDINS CAPITAL for its constructive support during these 7 years.
Moreover, the NSE group is pleased to have placed its trust in this investor, who has become a real business partner.
NSE Automatech now has 71% of its capital held by NSE Aero North America (NSE Aero North America), a subsidiary of NSE as a North American Holding, and the balance of 29% by NSE.
The NSE Group is thus consolidating 100% control of its main subsidiary in North America, which will continue to develop in accordance with the strategy of the General Management.
NSE Automatech's activity operates in the civil aeronautics, medical, defense and rail sectors in the fields of machining, surface treatment, painting, assembly, wiring, integration and maintenance of electronic equipment. The Granby site (65 km from Montreal) has 90 employees and the Saint-Laurent Borough site (near the Montreal airport) has 17 employees.
