M&A Deal Summary

Actelis Networks Acquires Quality Industrial Corp

On May 23, 2024, Actelis Networks acquired energy services and equipment company Quality Industrial Corp

Acquisition Highlights
  • This is Actelis Networks’ 1st transaction in the Energy Services and Equipment sector.
  • This is Actelis Networks’ 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2024-05-23
Target Quality Industrial Corp
Sector Energy Services and Equipment
Buyer(s) Actelis Networks
Deal Type Add-on Acquisition

Target

Quality Industrial Corp

Dubai, United Arab Emirates
Quality Industrial Corp is a manufacturer and service provider for the industrial, oil, and gas, as well as the Utility sectors. It is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. The company also provides LPG cylinder distribution and bulk gas supply solutions. It serves commercial buildings, mixed-use apartment complexes, shopping complexes, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and restaurants. Quality Industrial Corp is headquartered in San Francisco, California.

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Buyer(S) 1

Buyer

Actelis Networks

Fremont, California, United States
Category Company
Sector Technology Hardware
DESCRIPTION

Actelis Networks, Inc. is a provider of carrier ethernet over copper solutions. Actelis’ EFM products energize existing copper networks, enabling high-bandwidth broadband services up to 100 Mbps with minimal operational costs.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Arab Emirates) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 Phylogy

Santa Clara, California, United States

It Developes of xDSL products designed to facilitate delivery of high-speed, broadband Internet services over existing copper networks.

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