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The private-equity deal was backed by Export Development Canada and BDC Capital. OSI has been in business since 1979, making electronic chart software and other control systems for military ships. The acquisition guarantees OSI’s Canadian ownership and that its core intellectual property and product development will remain here, said the announcement, and Novacap intends to help OSI expand globally. (The Logic)
Talking point: Quebec-based Novacap’s broad strategy is to buy North American—ideally Canadian—companies in growing sectors and then accelerate their expansions by finding other firms to combine with them; it was a big early investor in payments processing company Nuvei. The OSI deal is the first for Novacap’s latest technology fund, which closed in February 2026, having raised US$3.8 billion.
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