Profile: CVTech Group Inc. (CVT.TO)

CVTech Group inc. (CVTech) is a management company. It has four wholly owned subsidiaries: CVTech-IBC inc., CVTech R&D inc., CVTech-AAB inc., and Thiro ltee. CVTech-IBC inc. manufactures continuously variable power transmission systems (CVT) serving manufacturers of recreational and utility vehicles, as well as minicars. In addition, CVTech-IBC inc. operates a branch in France in order to serve the aftermarket parts segment and to maintain a proper customer service for the European market. CVTech R&D inc. is responsible for the design of CVT systems for the clients of CVTech-IBC inc. CVTech-AAB specializes in the rebuilding of industrial crankshafts, cylinders, and engines, the plating of cylinders and the sale of engine-related parts. Thiro ltee is a general contracting firm specializing in the construction and maintenance of electrical power houses and substations, as well as transmission and distribution lines. In July 2009, the Company acquired Riggs Distler & Company Inc.