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Creation Technologies Receives $10 Million Canadian Investment from CIBC Capital Partners
September 7, 2004 |Estimated reading time: Less than a minute
Vancouver, British Columbia, Canada — Creation Technologies Inc. has received a $10 million investment from CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce.
The proceeds will be used to meet the requirements of the company's growing customer base as well as to fund its U.S. acquisition plans.
The company's objective is to increase revenues by upwards of 40 percent by continuing to win new customers and growing its existing customer base through increased service offerings. In the past 15 months, Creation Technologies has welcomed 15 new customers and expects this pace to accelerate in the future.
Creation Technologies Inc. is a top 100 EMS provider focused on manufacturing complex electronics for businesses in the wireless telecommunication, medical, industrial controls, transportation and instrumentation markets. For more information, visit www.creationtech.com.
CIBC Capital Partners, a division of Canadian Imperial Bank of Commerce, has responsibility for the principal investing activities of CIBC World Markets on a global basis and through its various investment portfolios has total committed funds of approximately $4 billion. For more information, visit www.cibcwm.com.