Matrox used to be one of the big names in the graphics industry but these days the company is focused on several niche products. Now Matrox is back in the news as the company just got acquired by Lorne Trottier, one of the firm's co-founders. Trottier promises to lead the company towards "a new era of tech innovation":
Matrox® is excited to announce that Mr. Lorne Trottier, co-founder of Matrox, has acquired 100% 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,” said Trottier. “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 has pioneered a number of innovative hardware and software solutions for an array of high-tech industries. Matrox will continue to be at the forefront of cutting-edge technology, and work closely with its global stakeholders to solve specific real-world issues.
“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. 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.”
Matrox remains committed to customers, suppliers, and partners, diligently focused on delivering excellent products and customer service, while fostering high-quality relationships.
Stikeman Elliott LLP and Borden Ladner Gervais LLP acted as legal counsel to Mr. Trottier in connection with the transaction, while Canaccord Genuity Group acted as M&A advisors to Mr. Trottier.