Louis Vachon joins investor group to buy military communications business
Louis Vachon is joining an investor group to acquire Cobham Ultra's tactical communications business, forming a new Canadian defense company named Marconi Technologies. The company aims to operate independently under Canadian ownership and expand its market presence. Vachon, who will serve as chairman, emphasizes the need for more Canadian firms to secure defense contracts.
- ▪Louis Vachon is joining senior managers from Cobham Ultra to buy its tactical communications business.
- ▪Marconi Technologies will operate with a decision-making center in Montreal and aims to expand its market presence.
- ▪The company currently supplies NATO and allied forces and intends to diversify its market reach.
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Open this photo in gallery:Louis Vachon, speaking as chairman of BCE at the company's annual meeting in Montreal this month, will be chairman of Marconi Technologies.Christopher Katsarov/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountQuebec banker and private equity executive Louis Vachon is joining senior managers with U.K. military equipment supplier Cobham Ultra to buy its tactical communications business, forging a new Canadian defence company under the name Marconi Technologies. The investor group is acquiring the business, part of the Ultra I&C unit, from U.S. private equity firm Advent International, according to the buyers.
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