Tarquin buying DIPIX

Ottawa’s Tarquin Group Inc. is acquiring DIPIX Technologies Inc., its second local buy as the former GrowthGen Equity Inc. reinvents itself from a capital pool firm to a diversified industrial technology company. Targeting niche market operations focused on laser applications and test, measure and control solutions for manufacturing, Tarquin recently acquired Process Photonics, maker of laser-based processing and inspection equipment. Terms of the purchase have DIPIX, which makes inspection systems for manufactured foods, merging with a Tarquin for approximately 850,675 common shares and 212,669 warrants to shareholders and debt holders of DIPIX. The warrants will allow holders to purchase common shares of Tarquin at a cost of $.50 for 24 months after the deal is finalized. DIPIX's broad client base includes customers such as McDonald’s, Sara Lee and Weston.

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