9539-5034 Québec completed the acquisition of The Lion Electric Company.

9539-5034 Québec, a special-purpose investment vehicle, completed the acquisition of Lion Electric, a company that specializes in the design and manufacture of purpose-built, all-electric medium and heavy-duty urban vehicles. Financial terms were not disclosed. The acquisition ensures the company remains headquartered and operated in Saint-Jérôme, Québec, preventing its intellectual property from being sold to foreign interests. Lion Electric acts as a hub for a broad network of local suppliers. The deal was designed to protect the "expertise" in transport electrification that the province had spent a decade building.