FTQ-backed Abipa to merge with ACE Management-backed ARM Group.

FTQ-backed Abipa, a precision machining company, agreed to merge with ACE Management-backed ARM Group, a subcontractor in machining, turning and assembling. Financial terms were not disclosed. "We are proud to have been able to complete this important transaction thanks to the support of our long-standing partner, the Fonds de solidarité FTQ, and Export Development Canada. This strategic operation, which enables us to move up the value chain of our customers as a strategic supplier and expand our industrial offer, gives us great confidence in the future of Abipa International," Jean Blondin, Abipa Canada President and CEO.