The Caisse de dépôt et placement du Québec announced yesterday that it has finalized its $39.8-million investment in Quebec company GLV Inc., as part of GLV’s takeover of Austrian-based Christ Water Technology AG (CWT). The Caisse took part in this transaction jointly with the Solidarity Fund QFL.

GLV is a supplier of technological solutions for water treatment and pulp and paper production. By acquiring CWT, a company specializing in industrial and municipal water treatment technologies, GLV is pursuing its global expansion.

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