Mechtronix World Corp. announced that Richardson Capital, the private equity arm of Richardson Financial Group, has invested C$39 million ($37.8 million) in the Montreal-based simulator maker for a minority stake. The company said the funds will be used for "widening of turnkey services for new-generation training centers, expanded market development efforts" and expansion of manufacturing and R&D. "We're multiplying our manufacturing capacity by three," Mechtronix President Xavier Herve ...

Subscribe to Access this Entire Article

"Other News - 09/30/2008" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.