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The Caisse de dépôt et placement du Québec said Wednesday it has invested $69.1 million in Montreal-based Logistec Corporation, for a 12.1 per cent stake in the company.

Logistec specializes in marine and environmental services, particularly in cargo-handling solutions.

It handles bulk cargo, and containers in more than 30 ports in North America, in addition to providing coastal shipping services, primarily to the Arctic, and rail transportation services over short distances.

According to the Caisse de dépôt, Logistec posted solid growth and future prospects are “promising”.

The Caisse manages net assets whose value was $225.9 billion as of December 31, 2014.

Source: Presse Canadienne

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