Gerrie Electric Announcement with Federal Economic Development Agency

CEW Gerrie logo 400

April 1, 2021

Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, announced a total FedDev Ontario repayable contribution of $2.9 million to support the growth of two Burlington-based companies: AceAge Inc. and Gerrie Electric Wholesale Limited (Gerrie Electric).

 

{facebook}https://fb.watch/4BKcq4-U_C/{/facebook}

 

AceAge Inc., a healthcare technology company, has developed and commercialized the Karie™ in-home medical device that organizes and dispenses medication. The easy-to-use system allows patients to schedule medication refills and deliveries, which has become increasingly beneficial during the COVID-19 pandemic. It also reminds users to take their medication, which is dispensed with the push of a button, and uses smartphone technology to alert family or caregivers when a patient has missed a dosage. With a $1.5-million repayable contribution, AceAge Inc. will scale its operations to meet increasing demand in Canada and Europe by growing its development and support teams. This investment will also help the company launch its technology in the United States. 

AceAge Inc. will also leverage an additional $4.5 million in private sector investment and grow its team to 70 employees with the addition of 50 skilled jobs in Burlington.

Gerrie Electric, a women-owned and -led wholesale distributor and retailer, specializes in electrical, automation, data communication and lighting products, services and solutions used in industrial, institutional, commercial, IP network, utility and retail markets. With a $1.4-million repayable contribution, Gerrie Electric will consolidate its distribution operations into a 76,000-square-foot facility in Burlington, equip the facility with Industry 4.0 technologies such as automated storage and retrieval systems, and digitize its workflow process. This investment will help to improve productivity and efficiency, grow domestic sales, and enable the company to be more sustainable and to better compete in the global e-commerce industry.

Gerrie Electric will also leverage an additional $4.7 million in private sector investment, support robust supply chain solutions in southern Ontario by purchasing from local suppliers and contractors, create 10 skilled jobs and maintain more than 450 jobs in Burlington.

Source

Related Articles


Changing Scene

  • Schneider Electric Appoints Frederick Morency to Drive Electrification and Sustainability in Canada

    Schneider Electric Appoints Frederick Morency to Drive Electrification and Sustainability in Canada

    October 3, 2022 Schneider Electric has recently announced the appointment of Frederick Morency as Vice President, Sustainability, Strategic Initiatives & Innovation to lead its Electrification and Sustainability strategy in Canada. Frederick has been with Schneider Electric for 25 years and most recently served as Vice President, Services, where he orchestrated strong digital experiences between Schneider Electric’s partners, customers and… Read More…

  • Sonepar Acquires PEPCO

    Sonepar Acquires PEPCO

    September 30, 2022 Sonepar announced that its U.S. subsidiary has entered into an agreement to acquire Professional Electric Products Co., Inc. (dba “PEPCO”). With a strong presence in the state of Ohio, this acquisition offers Sonepar the opportunity to expand in the 6th largest electrical distribution market in the U.S. A family-owned business headquartered in Eastlake, Ohio, since… Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…