Vention named as a top growing company in Canada
October 5, 2023
By Manufacturing AUTOMATION
Vention was recently featured 2023 Report on Business list of Canada’s Top Growing Companies. It ranked 64 out of 425 companies.
Canada’s Top Growing Companies ranks Canadian companies on three-year revenue growth. Vention earned its spot with a three-year growth of 636 percent, shares the company in a press statement.
“Today’s manufacturers are grappling with labour shortages, rising wages, and production reshoring,” says Etienne Lacroix, CEO of Vention. “This has fueled the demand for automation and innovative approaches. We are witnessing a shift in industrial automation towards democratization, led by small and medium-sized businesses adopting our Manufacturing Automation Platform (MAP) and do-it-yourself (DIY) solutions. These businesses are forming Advanced Manufacturing Teams, reducing reliance on external services and enabling them to internally drive automation projects.”
Vention explains that Canada’s Top Growing Companies is an editorial ranking that was launched in 2019. It aims to bring the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary program, companies had to complete an in-depth application process and fulfill requirements. In total, 425 companies earned a spot on this year’s ranking.
The full list of 2023 winners, along with editorial coverage, is published in the October issue of Report on Business magazine. The list is out now and online here.
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