December 5, 2023

The Queens County Citizen

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Chantier Davy arrives in Montreal

Chantier Davy arrives in Montreal

Davy Shipyard opens an office in downtown Montreal earlier this year.

Richard Dufour

Richard Dufour

The Lewis-based company created an investment division called Davy Capital, located in Boulevard Rene-Lewesk, 1250, a few steps from the Bell Center. It will be an open workspace that can accommodate up to twenty people at a time.

“It’s a presence that reflects the organization’s growth and dynamism,” commented Denise Boucher, vice president of public affairs at Davy.

After many difficult years, Chantier Davy said today he has reached a point of “unprecedented strength and stability” that allows him to invest.

“Davey has over 50% of shipbuilding capacity in Canada. Davy is now a colossus of ways to fulfill his aspirations, ”said Denise Boucher.

Davy Capital is responsible for targeting, evaluating and managing investments across Canada as part of its Davy partnership with National Shipbuilding Strategy and other programs.

Denise Boucher says having a presence in Montreal is a way for the company to reach out to the rest of Montreal, Canada and the international community.

Photo provided by Les Chantiers Davy

An ice breaker at Chantier Davy

“It allows us to be a leader, to be close to decision makers in Montreal, the financial heart of Quebec, and to have a team dedicated to investing that allows us to open up a lot of talent.” , He adds.

“To get federal contracts, you have to have specific Canadian content and sometimes you have to resort to suppliers abroad, so you have to pay compensation for your investments that are not made locally. For this content, we may have research programs that will help us develop the growing green spacecraft and explore cutting-edge technologies. As we did earlier this year in partnership with École Polytechnique and a private company, these are the types of programs we can bring forward with partners, we conduct training programs on ships. ”

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After Denise Boucher modernized IT systems and organizational structures over the past 10 years, Chantier Davy is now able to secure contracts on a “sustainable” basis (warship management and construction).

Founded in 1825, the company is the largest shipbuilding company in the country with over 1,000 employees (including 220 subcontractors) and more than 1,500 suppliers.

Davy’s order book will reach 8.5 billion in the next few years, underlining management, adding new projects that are expected to eventually employ 2,000 or 3,000 people.

The owners came and went for years and after the bankruptcy was declared in the early 2000s, the company recovered and moved to the Toronto Stock Exchange in 2008 before filing for defense. Companies Lenders Establishment Act In 2010

In 2012, Chantier Davey was acquired by the Inosia Group and is today managed by the founders of the European European holding company James Davis and Alex Wisefield.

The site’s main client remains the Government of Canada, but the company is trying to make more space for commercial clients.

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