DND Selects Seven Engineering and Costing Proposals for Space-Based Surveillance System

Sur le même sujet

• 

  6 juillet 2021 | Local, Aérospatial, Naval, Terrestre, C4ISR, Sécurité

  Electrical Components International Acquires Promark Electronics

  July 06, 2021 08:00 AM Eastern Daylight Time ST. LOUIS & MONTREAL--(BUSINESS WIRE)--Electrical Components International, Inc. (“ECI”), a leading global supplier of wire harnesses, electrical components, and sub-assemblies for diversified industrial markets, today announced the acquisition of Promark Electronics Inc. (“Promark Electronics”). Founded in 1987 by Syd Knecht, Promark Electronics is a manufacturer of wire harnesses and cable and electromechanical assemblies utilized by commercial electric vehicles and other technically-complex, mission-critical products. With the growing demand for commercial electric vehicles, Promark Electronics has developed high-voltage cable and assemblies as part of its ProEV™ platform, which has made it a trusted partner to leading commercial electric vehicle manufacturers. The company will continue and expand its manufacturing operations in its Montreal, Quebec, Canada facilities. “We are excited to partner with Promark Electronics and establish ECI as the high-voltage harness supplier of choice in high-value, high-growth markets,” said Mike Balsei, Chief Executive Officer of ECI. “With ECI's global scale and Promark Electronics' proprietary solutions, we will be able to help manufacturers meet the increasing demand for commercial electric vehicles as well as in adjacent e-mobility verticals.” The Knecht Family will continue to lead the Promark Electronics team. In a joint statement, Jarred, Brandon, and Robert Knecht commented: “We are incredibly proud of the business and reputation that our family has built over the past three decades. We are thrilled to have found an industry-leading partner to help us further accelerate our growth, particularly in the e-mobility space. We are excited to join the ECI family, deepen our customer relationships, and continue our long track record of innovation and excellence.” ECI is a portfolio company of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing. Earlier this year, ECI acquired Omni Connection International, a manufacturer of wire harnesses and connection systems for leading tier one automotive suppliers. Michael Sanford, Senior Managing Director at Cerberus, added: “Promark Electronics adds a highly complementary platform serving a rapidly growing market. We remain excited about the strategic opportunities for ECI and look forward to supporting the business' continued growth.” Barclays served as financial advisor and Blake, Cassels & Graydon LLP and Debevoise & Plimpton LLP served as legal counsel to ECI and Cerberus. Lincoln International LLC, Crowe BGK, and EY served as financial advisors to Promark Electronics and Osler, Hoskin & Harcourt LLP acted as legal counsel. About ECI Founded in 1953, Electrical Components International, Inc. (ECI) is one of the world's leading wire harness, electrical components, and sub-assembly suppliers for diversified industrial markets. With nearly 22,000 employees in 31 facilities spanning eight countries and four continents, ECI's “blue-chip” customer base includes many firms in the Fortune 500 across the appliance, HVAC, construction, agriculture, transportation, and critical infrastructure sectors. For more information about ECI, visit www.ecintl.com. About Promark Electronics Founded in 1987 by Syd Knecht and headquartered in Montreal, Quebec, Canada, Promark Electronics is a state-of-the-art electronics manufacturer, serving OEMs in industries with complex production processes and applications, including e-mobility, industrial technology, medical, mining, aerospace, space, and defense industries. For more information, visit www.PMK.com. About Cerberus Founded in 1992, Cerberus is a global leader in alternative investing with over $55 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com. Contacts ECI Julie Mottershead julie.mottershead@ecintl.com (314) 261-7774 Cerberus Akash Lodh Sard Verbinnen & Co. Cerberus-SVC@sardverb.com (202) 758-4263

• 

  30 juillet 2019 | Local, Naval

  Government of Canada marks the coming into force of the Wrecked, Abandoned or Hazardous Vessels Act

  OTTAWA, July 30, 2019 /CNW/ - Coastal and waterway communities across Canada are affected by wrecked, abandoned and hazardous vessels. These problem vessels can pose hazards to the environment, public health and safety, and local industries such as fishing and tourism. Most vessel owners are responsible and maintain and dispose of their vessels properly. However, the small percentage who are not responsible can create significant impacts on our coastal communities, with the burden for costly clean-up often falling on Canadian taxpayers. That is why the Government of Canada, through its Oceans Protection Plan, is taking action to deter irresponsible vessel owner behaviour. The Honourable Marc Garneau, Minister of Transport, and the Honourable Jonathan Wilkinson, Minister of Fisheries, Oceans and the Canadian Coast Guard, are pleased to mark the coming-into-force of the Wrecked, Abandoned or Hazardous Vessels Act. The Act prohibits vessel abandonment and brings into Canadian law the Nairobi International Convention on the Removal of Wrecks, 2007. It increases owner responsibility and liability for their vessels, addresses irresponsible vessel management, and enables the Government of Canada to proactively intervene to address problem vessels that pose hazards. Not complying with the Act can result in an administrative monetary penalty of up to $50,000 for individuals and up to $250,000 for companies or corporations. Convictions of more serious offences could result in a maximum fine of $1 million for individuals and up to $6 million for companies or corporations. The $1.5 billion Oceans Protection Plan is the largest investment ever made to protect Canada's coasts and waterways. This national plan is creating a world-leading marine safety system that provides economic opportunities for Canadians today, while protecting our coastlines and clean water for generations to come. This work is being done in close collaboration with Indigenous peoples, local stakeholders and coastal communities. Quotes "This significant legislation is making vessel owners responsible under the law for the safe disposal of their vessels. Most owners are responsible, but for those few who are not, we now have the ability to hold them to account. Canada's coastal waters are home to many communities including indigenous communities who have lived by the water for countless generations. We are taking concrete actions to protect and restore these sensitive ecosystems." The Honourable Marc Garneau Minister of Transport "Wrecked, abandoned and hazardous vessels can pose risks to the environment, clutter our shorelines, affect sensitive marine habitats and species, and disrupt community activities and local economies. Our new strengthened law ensures these problems are addressed quickly, before they become more serious. With the Oceans Protection Plan, we are taking action so that our coasts and oceans will be safe, clean and healthy for future generations." The Honourable Jonathan Wilkinson Minister of Fisheries, Oceans and the Canadian Coast Guard Quick Facts In addition to the new legislation, as part of the National Strategy to Address Canada's Wrecked and Abandoned Vessels, the Government of Canada launched two short-term funding programs in 2017 to support eligible recipients in removing and disposing of high-priority vessels: Transport Canada's Abandoned Boats Program, and Fisheries and Oceans Canada's Abandoned and Wrecked Vessels Removal Program. Transport Canada's program also supports education and awareness activities and research on vessel recycling and design. Transport Canada's Abandoned Boats Program is investing $6.85 million for abandoned boat assessment, removal and disposal, and for research and education initiatives. Since May 31, 2017, the program has launched four calls for proposals for projects to be funded through grants and contributions, the most recent of which remains open until March 31, 2020. To date, funding has been approved to assess 102 boats for a total of $342,560, and to remove 78 boats for a total of $1,796,038. Fisheries and Oceans Canada's Abandoned and Wrecked Vessels Removal Program is providing up to $1.325 million over five years to Harbour Authorities and other eligible recipients to remove and dispose of abandoned and wrecked vessels located in federal small craft harbours. To date, 23 vessels have been removed and disposed of across the country, and funding has been awarded to gain legal possession which could lead to the removal of an additional eight vessels, under the program. Other measures under development within the National Strategy include improving vessel owner identification, creating a national inventory of problem vessels and developing a risk assessment methodology to prioritize response, and establishing a polluter pays approach for vessel clean-up through creation of an owner-financed long-term fund. Since the Oceans Protection Plan started in November 2016, over 50 initiatives have been announced in the areas of marine safety, research and ecosystem protection that span coast-to-coast-to-coast https://www.newswire.ca/news-releases/government-of-canada-marks-the-coming-into-force-of-the-wrecked-abandoned-or-hazardous-vessels-act-872449738.html

• 

  16 août 2021 | Local, Aérospatial

  Stantec to design two fighter jet facilities in Quebec and Alberta - Construction Canada

  Global architecture, engineering, and design firm Stantec has been selected to design the Future Fighter Capability Project Fighter Squadron Facilities at 3 Wing Bagotville, Que. and the Fighter Squadron Facility at 4 Wing Cold Lake, Alta. Jodoin Lamarre Pratte architectes has been mandated, within the multidisciplinary team assembled by the joint-venture of builders Ellis Don / EBC and Stantec in engineering, to design the fighter jets squadron facility on one of the main bases of operations which will host the new aircrafts Canada will acquire by 2025.