Tarquin-DIPIX merger finalized

Local industrial technology company Tarquin Group has finalized its acquisition of DIPIX Technologies Inc., which will merge with a wholly-owned subsidiary of Tarquin established specifically for the purposes of the takeover. Tarquin has restructured the the Ottawa-based food inspection systems maker’s $745,000 debt and will issue DIPIX shareholders 579,866 common shares and 144,966 purchase warrants of Tarquin. “We are pleased to add DIPIX to our growing family of successful laser applications and test companies,” says Tarquin Group CEO Don Gibbs. “The company is a true market leader and we look forward to helping it achieve its growth plans.” Gibbs will become chairman and acting CEO of DIPIX while maintaining his position at Tarquin. Paul Pearl, DIPIX's current CEO, will be made Tarquin’s EVP of business development.

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