Matrox co-founder Lorne Trottier acquires 100% of Matrox Group companies
Discussing the deal, he said: “This next phase represents a renewed commitment to our valued customers, suppliers, and business partners, as well as to our 700 dedicated employees worldwide.
“At Matrox, our culture is defined by our passion for technological innovation and product development. We maintain the highest degree of corporate responsibility vis-à-vis production quality and industry standards. I am extremely proud of our accomplishments over our 40-plus–year history and would like to thank my co-founder for his contributions.”
Since 1976, Matrox has pioneered a number of innovative hardware and software solutions for an array of high-tech industries. In a statement, the company said it will continue to be at the forefront of cutting-edge technology and will work closely with its global stakeholders to solve specific real-world issues.
“I look forward to championing a corporate culture defined by forward-thinking business practices, transparency, and teamwork,” added Trottier.
“I am excited to lead this great organisation as we implement growth initiatives,” added. “Matrox is a great Canadian success story. We owe this success and our bright prospects to the talented and dedicated people at all levels of this organisation.”
Matrox remains committed to customers, suppliers, and partners, diligently focused on delivering excellent products and customer service, while fostering high-quality relationships.
Stikeman Elliott LLP and Borden Ladner Gervais LLP acted as legal counsel to Trottier in connection with the transaction; Canaccord Genuity Group served as M&A advisor.