Air Transport World

Mechtronix.(NORTH AMERICA Report)(Richardson Capital)(Brief article)

Mechtronix announced that Richardson Capital, the private equity arm of Canada's Richardson Financial Group, has invested C$39 million ($36.4 million) in the Montreal-based simulator maker. Funds will be used for expansion of manufacturing and R&D and increased market development, Mechtronix President Xavier Herve told ATW.

The investment coincides with a restructuring of Mechtronix into three standalone units under Mechtronix World Corp. …

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