CANADA > Germany’s Siemens to invests $132.6 M in its plant in Canada

Siemens_AG_logo.svg Germany based Siemens to invest $132.6Mn in Canada. The Greater Montréal plant of Siemens will get investment of $110.6Mn for research and development works mainly focused on design and improvements of aero-derivative gas turbines.  The remaining $22Mn investment will be used for launching Industry 4.0 platforms. For the investment Siemens plant will get $20Mn support from the Québec Government.   More …

CANADA > Japan’s Honda to invest $372 million in its plant in Alliston, Canada

Honda-logo.svg Japan based Honda to invest CA$492Mn ($372Mn) in its Canadian plant. The Honda plant in Alliston will also get financial support from the federal government and province of Ontario of CA$41.8Mn ($31.8Mn) each in three years’ time. The investment will help the plant to assemble new models of Civic and CR-V vehicle along with construction of new paint shop to More …

CANADA > Swiss engineering firm ABB to invest $90-million in Canada

ABB_logo.svg Swiss engineering firm ABB (ASEA Brown Boveri) to invest $90Mn in Montréal, Canada for North American headquarter along with Research and development facility. Thus it will create 700 jobs when the facility opens later in 2017. ABB currently employs around 4,500 Canadians across 50 locations in the country.   About ABB ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland, operating More …

CANADA > Just Eat acquires Skip The Dishes for $81.55Mn

JE_New_Logo London based online food ordering and delivering company Just Eat announced the acquisition of Skip The Dishes for CAD$110MN ($81.58MN). Out of CAD$110MN ($81.58MN), CAD$100MN($74.14MN) is paid in cash and remaining CAD$10 million ($7.41 MN) in the form of 1,046,601 new Just Eat Ordinary shares of £0.01 each. Just Eat plans to bring scale, technological expertise and more experienced members More …

CANADA > US based PayCommerce expands to Canada with Global Research and Development Center in Ontario

pay_commerce New Jersey based cross-border payments network and banking consortium, PayCommerce announced it has opened new offices in Ontario. The Canadian office will also be its Global Research and Development Center. Earlier PayCommerce also had announced that Tritium Partners were investing $22 million in the company. This may have given them boost in aggressive expansion for Research and Development Center in More …

CANADA > Square Yards expands to North America with New Offices in Toronto and Vancouver

squareyards India based real estate transaction platform, Square Yards has opened new offices in Toronto and Vancouver in Canada. With the addition of these two cities, Square Yard is now in 12 international cities including the likes of London, Dubai, Sydney, Abu Dhabi, Singapore, Doha, Hong Kong, Muscat and Sharjah. “Using Canada as focal point, Square Yards aims to delve deep into North More …

CANADA > OVH Expands in North America. Establishes headquarters in Montréal.

ovh-logo Roubaix, Northern France, based internet services and cloud infrastructure firm OVH is setting up its North American headquarters in Greater Montréal area in Canada. The 17,800 square foot headquarters will be located in downtown Montréal and will employ around 140 new jobs. OVH will have R&D and commercial service headquarters located in downtown Montréal, while its data center will be in Beauharnois More …

CANADA > New York Based Influenster Expands to Toronto

influenster New York based product discovery and review company – Influenster – is expanding its operation to Canada by setting up its office in Toronto. According to its website, “Influenster enables consumers to find new products and get advice to make informed purchases”. It claims to have a community of over 2 million “social savvy  shoppers”. According to the company, 10 percent or more More …