Matrox Group co-founder acquires full ownership of business
September 9, 2019 by Manufacturing AUTOMATION
September 9, 2019 – Matrox has announced that its co-founder, Lorne Trottier, has acquired 100 per cent ownership of the Matrox group of companies, including its three divisions Matrox Imaging, Matrox Graphics and Matrox Video.
“This next phase represents a renewed commitment to our valued customers, suppliers, and business partners, as well as to our 700 dedicated employees worldwide,” says Trottier in a release. “At Matrox, our culture is defined by our passion for technological innovation and product development. We maintain the highest degree of corporate responsibility vis-a-vis production quality and industry standards. I am extremely proud of our accomplishments over our 40-plus-year history and would like to thank my co-founder for his contributions.”
Since 1976, Matrox, which is headquartered in Montreal, has pioneered a number of innovative hardware and software solutions for an array of high-tech industries.
Matrox Imaging designs and manufactures component-level hardware and software solutions for the machine vision, image analysis and medical imaging industries. Among its products are frame grabbers, vision controllers, smart cameras, I/O cards, and image processing development software for 2D and 3D as well as deep learning applications.
Matrox Graphics is a provider of in AV/IT technology, offering hardware and software products for OEMs, channel partners and end users. It manages a portfolio of graphics and capture/encode/decode cards, AV-over-IP enterprise encoders/decoders, IP KVM extenders, multiviewers, and display controllers.
Matrox Video offers both PC hardware and software to broadcast equipment manufacturers, comprising HD/4K-based I/O cards, ST 2110 NICs, and H.264 codec cards, all governed by one common comprehensive SDK.
“I look forward to championing a corporate culture defined by forward-thinking business practices, transparency, and teamwork. I am excited to lead this great organization as we implement growth initiatives,” Trottier says. “Matrox is a great Canadian success story. We owe this success and our bright prospects to the talented and dedicated people at all levels of this organization.”
Stikeman Elliott LLP and Borden Ladner Gervais LLP acted as legal counsel to Trottier in connection with the transaction, while Canaccord Genuity Group acted as M&A advisors to Trottier.