Carmanah Technologies Mergers and Acquisitions Summary

Electrical Equipment Company

Carmanah Technologies has acquired 6 companies, including 1 in the last 5 years. It has also divested 1 asset.

Carmanah Technologies’ largest acquisition to date was in 2015, when it acquired Sabik Group of Companies for $24M. Carmanah Technologies has acquired in 2 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (84%) and energy services and equipment (17%).

Join Mergr and gain access to Carmanah Technologies’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electrical equipment sector.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity6
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 2

Carmanah Technologies Corp.

250 Bay Street,
Victoria, British Columbia V9A 3K5
Canada,
(250) 380-0052
www.carmanah.com

Carmanah designs, develops, and distributes a portfolio of products focused on energy optimized LED solutions for infrastructure. Since 1996, company have earned a global reputation for delivering durable, dependable, efficient, and cost-effective solutions for industrial applications that perform in some of the world’s harshest environments. We manage our business within three reportable segments: Signals, Illumination, and Power. The Signals segment includes serves the Airfield Ground Lighting, Aviation Obstruction, Offshore Wind (link is external), Marine (link is external), and Traffic markets. The Illumination (link is external) segment provides solar-powered LED outdoor lights for municipal and commercial customers. The Power segment serves both On-Grid and Off-Grid verticals. Carmanah Technologies was founded in 1996 and is based in Victoria, Canada.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 5 1 - - - - 6
vol $34M $2M $36M
Sell (0.2/yr) # - - - - - 1 1
  7

Most Recent M&A

Company Date Value Type
SOL, Inc. 2020-03-19 - Divestiture
Pompano Beach, Florida · www.solarlighting.com
Cybernetica - EKTA Branded Products 2016-11-29 2M EUR Divestiture
, Estonia
Sabik Group of Companies 2015-06-10 24M EUR Add-on Acquisition
Porvoo, Finland · www.sabik.com
SOL, Inc. 2014-05-26 - Add-on Acquisition
Pompano Beach, Florida · www.solarlighting.com
Spot Devices, Inc. 2013-01-07 - Add-on Acquisition
Sparks, Nevada
Soltek Powersource Ltd. 2005-05-25 10M USD Add-on Acquisition
Victoria, British Columbia
AVVA Technologies, Inc. 2003-06-24 - Add-on Acquisition
, Ontario
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 5 (83%) 26M (72%) 1 (100%) -
Energy Services and Equipment 1 (17%) 10M (28%) - -
Total 6 $36M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 - 1 -
  Florida 1 - 1 -
  Nevada 1 - - -
Canada 2 10M - -
  Ontario 1 - - -
  British Columbia 1 10M - -
Estonia 1 2M - -
Finland 1 24M - -
Domestic 2 (33%) 10M (28%) - -
Cross-border 4 (67%) 26M (72%) 1 (100%) -
Total 6 $36M 1 -

Deal Values

buy # Total
< $100M 3 $36M
TOTAL $36M
Largest Sabik Group of Companies
$24M (2015-06-10)

M&A Connections

Deals %
Acquired from
Strategic(s)
100%
1 100%
Divested to
Strategic(s)
100%
1 100%

Company Summary

SECTOR

Electrical Equipment

Revenue

31   15% 2018
27   44% 2017
48   12% 2016
43   2015
(millions of CAD) Show More Show Less

Established

1996

Public

Toronto (TSX): CMH

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