News about French companies (July 2014)
News about French companies
- Technicolor acquires Toronto-based visual effects studio Mr. X Inc.
- Sanofi Canada joins with the CQMD, a precompetitive research consortium, to speed up the discovery of new medications
- Leroy Automation closes manufacturing agreements with Quebecois companies M2S and Varitron
- Garos creates a subsidiary in Canada: Garos Avionique
- Neotec establishes operations in Quebec
- NSE Automatech launches new Granby facilities in Quebec
- Rennes-based Institute of Research and Technology b<>com signs a collaborative agreement with Montreal’s Société des arts technologiques
- StarDust sets up shop in Greater Montreal
- ConcoursMania opens an office in Canada
Technicolor acquires Toronto-based visual effects studio Mr. X Inc.
On June 10th, Technicolor announced that it had signed an agreement to acquire Mr. X Inc., one of North America’s leading visual effects studios, whose clients include major television channels and international film producers. Mr. X will join Technicolor’s Production Services division, which includes the Oscar-winning visual effects company Moving Picture Company (MPC). This acquisition expands the services that Technicolor can offer in the field of visual effects within the top-of-the-line television and international cinema markets. Mr. X currently employs 200 professionals in Toronto and New York.
The financial details of the agreement remain confidential and the operation, which is still subject to approval by Heritage Canada, should be finalized by July 2014.
Sanofi Canada joins with the CQMD, a precompetitive research consortium, to speed up the discovery of new medications
On June 12, Sanofi Canada announced that it is joining with the Quebec Consortium for Drug Discovery (CQDM) in a partnership meant to support research in Quebec and in Canada. The CDQM is a precompetitive research consortium whose mission is to finance the development of innovative technologies and resources in order to accelerate the processes of discovering and developing new medication. The CQDM business model is based on a collaborative approach where all of the partners share the cost of biopharmaceutical research and benefit from the results. The CQDM receives financial support from eight of the largest global pharmaceutical companies (AstraZeneca, Merck, Pfizer Canada, Bœhringer Ingelheim, GlaxoSmithKline, Eli Lilly Canada, Novartis Pharma Canada, and Sanofi Canada), from the Quebec ministère de l’Économie, de l’Innovation et des Exportations (MEIE), and from the Government of Canada though the Business-Led Networks of Centres of Excellence (BL-NCE) program.
Sanofi Canada will dedicate up to $500,000 CAD over a period of up to five years to various research projects. In addition to Sanofi Canada’s financial contribution, the CQDM will also benefit from other types of contributions, such as the participation of a senior North American representative on the advisory committee of the Explore program (whose objective is to finance early-stage projects that that may include an increased level of scientific risk) and the participation of key Sanofi scientists in the CQDM’s unique mentorship program.
Leroy Automation closes manufacturing agreements with Quebecois companies M2S and Varitron
Leroy Automation has closed manufacturing agreements with the Quebec-based companies M2S and Varitron, two of the flagship companies in the electronic assembly and development sector. This investment will allow Leroy Automation to integrate the supply chain and to create eight new jobs. Leroy Automation has received support from Investissement Quebec and from the Pôle d’excellence des transports terrestres du Québec.
Leroy Automation specializes in the development and production of onboard electronic products for the energy and rail industries. Based in the Toulouse area, it employs 45 people and includes Alstom, Siemens, Thales, and the SNCF among its many clients.
Garos creates a subsidiary in Canada: Garos Avionique
Founded in 1988, Garos specializes in the design and installation of force sensors for such high-value-added niche markets as the aerospace, naval, energy, nuclear, and land transportation industries. Its extensometry capabilities led it to obtain a first contract in Quebec City and to set up operations there. This Quebec-based subsidiary, Garos Avionique, will manufacture force sensors for the American and Chinese markets. It will also create ten new jobs in the Dorval region.
Neotec establishes operations in Quebec
The Quebec subsidiary of Neotec will set up operations in Beloeil with its Quebecois partner F. Drapeau. It will also maintain a unit responsible for the design and manufacturing of engines and axles for railway vehicles in order to serve the North American market, creating 12 new jobs over the next three years. This subsidiary received support from Investissement Québec during the expansion process.
Neotec produces road/rail engines and motorized engines for the rail and land transportation sectors. Created in 1991, this company develops innovative patented technology, particularly transmissions for vehicles, rail axles and bogies, and construction engines. Neotec’s clients include such major companies as Airbus, Alstom TGS, Balfour Beatty, Colas Rail, and Caterpillar.
NSE Automatech launches new Granby facilities in Quebec
On June 2nd, NSE Automatech, a subsidiary owned 71% by the NSE Group, opened a new, 6500m2 industrial facility to bring together its mechanical activities (roughly 50 people involved in production) at the Granby site, roughly 65km from Montreal. This new installation and the modern production equipment that NSE Automatech has acquired should allow the company to expand its overall range of services available in order to respond to the needs of clients and markets.
NSE is a French group created in 1983 in Nizerolles, in Auvergne, that is primarily involved in the aeronautics, defense, and electronics and information technology industries. NSE offers a range of services: design offices, testing and certification resources, operational maintenance services, and logistical support and client relations coordination services. NSE bought a stake in Automatech in 2010 and took control in 2013. NSE Automatech is also present in Saint-Laurent (15 people: sales, quality and methods, HR). NSE Automatech employs 120 people and has doubled its revenues over five years, reaching almost $28 billion CAD in 2013.
Rennes-based Institute of Research and Technology b<>com signs a collaborative agreement with Montreal’s Société des arts technologiques
On May 23rd, the Institute of Research and Technology (IRT) b<>com and the Société des arts technologiques (SAT), a multidisciplinary centre for research, creation, production, training, and transmission dedicated to developing digital culture, signed a collaborative agreement regarding the first edition of the iX international symposium, which focuses on immersive creativity. In doing so, the two structures affirm the complementary nature of their territories, namely the creativity of the SAT and, more generally, of Quebec and Canada, and the technological expertise developed by the French IRT. This agreement confirms their shared intention to establish concrete collaborative projects, particularly in the areas of visual immersion, interaction with hypermedia content, and spatialized sound.
The mission of the IRT b<>com, established in Bretagne (Rennes, Lannion, and Brest) is to accelerate, via research and innovation in digital technology, the development and marketing of tools, products, and services that will improve daily life. B<>com pursues innovation at the highest level in the areas of hypermedia (ultra-high definition images, 3D images and sound, smart content, virtual and augmented realities…), ultra-high bandwidth networks, and e-health as a leading field of application. The Institute, which began its operations in late 2012, maintains a seven-year budget of €160 million and a team of 150 researchers.
StarDust sets up shop in Greater Montreal
StarDust, specializing in quality control and certification of digital services for developers and publishers, has chosen Greater Montreal as the site where it will develop its presence on the North American market. StarDust has obtained a contract with Ingenio, a subsidiary of Loto-Québec, to test a number of mobile applications. This Montreal-based organization is already working with a first set of 150 terminals for testing and five employees.
This is the first step taken by the company, which wants to expand further at the international level in order to meet its clients’ growing demand for international projects. A real leader in its field, StarDust is known for its ability to offer validation tests for digital projects on a wide variety of platforms (telephones, tablets, and computers).
In addition to its Montreal location, StarDust holds offices in Marseille and in Paris. It allows its clients to reduce the risk of malfunctions and to improve user experiences when the clients launch new digital services. The services provided by StarDust allow its clients to maximize monetization of digital systems and to build the brand images of mobile applications. StarDust’s teams test and validate mobile and web services on a panel of devices selected from among the 1,800 terminal configurations that the company has at its disposal. Known as a leader in the market, StarDust pursues test projects for such companies as BNP Paribas, Crédit Agricole, Accor Hôtels, La Redoute, Le Point, Le Figaro, Voyage SNCF, Leroy Merlin, LastMinute.com, TF1, and Vente Privée.
ConcoursMania opens an office in Canada
With a 40% increase in its international revenues (on total revenues of €17.5 million in 2013), the Bordeaux-based company ConcoursMania has chosen to invest in the North American market by recruiting programmers and sales representatives in Montreal. Since ConcoursMedia arrived in Canada in March 2014, it has already succeeded in obtaining its first local contracts. Listed on the NYSE Altenext Paris since 2011, the ConcoursMedia Group offers its 500-plus clients—including Carrefour, Publicis, Sephora, ToysRus et StudioCanal—video game solutions and marketing contests meant to collect customer profile data and to ensure customer loyalty.