New European Acquisition for Premier Tech
Premier Tech is pleased to announce the acquisition of the company Swabo Machinebouw & Toelevering, located in the Netherlands, by its Industrial Equipment Group (IEG). For over 20 years, this company’s business success has been based on specialized and advanced expertise in the manufacture of steel and stainless steel parts for OEMs of all kinds.
Premier Tech intensifies its manufacturing presence in New Brunswick
Premier Tech announced today in the presence of Mr. Brian Gallant, Premier of New Brunswick, a recent investment of CA $2.254 million in the manufacturing facilities operated by the company’s Industrial Equipment Group in Caraquet. This investment aims to increase Premier Tech’s market competitiveness and follows a financial partnership agreement with Opportunities NB and the Atlantic Canada Opportunities Agency, who respectively invested $250 000 in non-repayable financial contribution and $800 000 in repayable loans. Premier Tech for its part contributed more than half the project costs with an investment of $1.2 million.