FTG - M&A Summary and Business Overview

SemiconductorsCompany

FTG M&A Summary

FTG has acquired 4 companies, including 3 in the last 5 years.

FTG’s largest acquisition to date was in 2022, when it acquired Holaday Circuits for $18M. FTG has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include semiconductors (50%) and aerospace (25%).

FTG Business Overview

Where is FTG headquartered?

FTG is headquartered in Toronto, Ontario.

What is FTG’s revenue?

FTG disclosed revenue of 135M CAD for 2023 and 90M CAD for 2022.

How many employees does FTG have?

FTG has 450 employees.

What sector is FTG in?

FTG is a semiconductors company.

When was FTG founded?

FTG was founded in 1983.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

FTG

Firan Technology Group Corp.

250 Finchdene Square,
Toronto, Ontario M1X 1A5
Canada,
(416) 299-4000
www.ftgcorp.com

FTG is a manufacturer of high technology printed circuit boards and precision illuminated display systems. FTG was incorporated in 1983 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - - 2 - 1 4
vol $20M $4M $24M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Flyht Aerospace Solutions Ltd. 2024-10-21 4M USD Add-on Acquisition
Calgary, Alberta · www.flyht.com
Holaday Circuits, Inc. 2022-12-28 18M CAD Add-on Acquisition
Minnetonka, Minnesota · www.holaday.com
IMI, Inc. 2022-11-17 2M CAD Add-on Acquisition
Haverhill, Massachusetts · www.imipcb.com
Airco Industries, Inc.(dba Photo Etch) 2016-03-21 - Divestiture
Fort Worth, Texas · www.photo-etch.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Semiconductors 2 (50%) 20M (82%) - -
Aerospace 1 (25%) 4M (18%) - -
Manufacturing 1 (25%) - - -
Total 4 $24M - -

By Geo

State/Country Buy Value Sell Value
United States 3 20M - -
  Texas 1 - - -
  Minnesota 1 18M - -
  Massachusetts 1 2M - -
Canada 1 4M - -
  Alberta 1 4M - -
Domestic 1 (25%) 4M (18%) - -
Cross-border 3 (75%) 20M (82%) - -
Total 4 $24M - -

Deal Values

buy # Total
< $100M 3 $24M
TOTAL $24M
Largest Holaday Circuits, Inc.
$18M (2022-12-28)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)

Company Summary

SECTOR

Semiconductors

Revenue

135   50% 2023
90   14% 2022
79   23% 2021
102   10% 2020
113   4% 2019
109   15% 2018
95   10% 2017
87   21% 2016
72   19% 2015
61   2014
(millions of CAD) Show More Show Less

Employees

450

Established

1983

Public

Toronto (TSX): FTG

Former Name

Circuit World Corp.

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