M&A Deal Summary

Canon Acquires Redlen Technologies

On September 9, 2021, Canon acquired semiconductors company Redlen Technologies

Acquisition Highlights
  • This is Canon’s 2nd transaction in the Semiconductors sector.
  • This is Canon’s 1st transaction in Canada.
  • This is Canon’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-09-09
Target Redlen Technologies
Sector Semiconductors
Buyer(s) Canon
Deal Type Add-on Acquisition

Target

Redlen Technologies

Saanichton, British Columbia, Canada
website
Redlen Technologies is a developer and manufacturer of high-resolution Cadmium-Zinc-Telluride (CZT) semiconductor radiation detector products. CZT is a unique semiconductor compared with competitor detector materials, in that CZT operates at room temperature and can process extremely high photon counts. Additionally, CZT's spectroscopic resolution clearly outperforms any commercially available Scintillator. Redlen Technologies is based in Saanichton, British Columbia.

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Buyer(S) 1

Buyer

Canon

Tokyo, Japan

website

Category Company
Founded 1933
Sector Technology Hardware
Employees184,034
Revenue 4,031.4B JPY (2022)
DESCRIPTION

Canon is a manufacturing company. The Office segment develops, manufactures and sells office complex machines and copiers, personal copiers, laser complex machines and printers, digital production printing systems, business high-speed continuous printers, wide format printers and document solutions. Canon was incorporated in 1933 and is based in Tokyo, Japan.

DEAL STATS #
Overall 4 of 4
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Quality Electrodynamics

Mayfield Village, Ohio, United States

Quality Electrodynamics LLC (QED) is a global developer, manufacturer, and supplier of advanced medical equipment electronics. Current products include cutting edge MRI radiofrequency (RF) antennas/coils for diagnostic imaging at the full range of magnetic field strengths. Most of these are FDA Class II noninvasive devices used for obtaining diagnostic images for various human anatomies.

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