TELUS - M&A Summary and Business Overview

CommunicationsCompany

TELUS M&A Summary

TELUS has acquired 22 companies, including 7 in the last 5 years. A total of 9 acquisitions came from private equity firms.

TELUS’s largest acquisition to date was in 2000, when it acquired Clearnet Communications for $3.5B. TELUS has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include information technology (25%) and communications (15%).

TELUS Business Overview

Where is TELUS headquartered?

TELUS is headquartered in Vancouver, British Columbia.

What is TELUS’s revenue?

TELUS disclosed revenue of 20,005M CAD for 2023 and 18,292M CAD for 2022.

How many employees does TELUS have?

TELUS has 106,400 employees.

What sector is TELUS in?

TELUS is a communications company.

When was TELUS founded?

TELUS was founded in 1993.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity20
  • Total Sectors Invested 9
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 10
  • M&A Advisors 3

TELUS

TELUS Corp.

510 West Georgia Street 7th Floor,
Vancouver, British Columbia V6B 0M3
Canada,
(604) 697-8044
www.telus.com

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 16 1 1 2 - - 20
vol $5.0B $275M $2.2B $7.5B
Sell (0.0/yr) # - - - - - - 0
  20

Most Recent M&A

Company Date Value Type
LifeWorks, Inc. 2022-06-16 2.2B CAD Add-on Acquisition
Toronto, Ontario · www.lifeworks.com
Fully Managed, Inc. 2022-02-10 - Add-on Acquisition
Ottawa, Ontario · www.fullymanaged.com
Blacksmith Applications, Inc. 2021-11-08 275M USD Add-on Acquisition
Lawrence, Massachusetts · www.blacksmithapplications.com
Mobile Service Center Canada Ltd. 2020-07-02 - Add-on Acquisition
Ottawa, Ontario · www.mobileklinik.ca
Competence Call Center Holding GmbH 2019-12-04 - Add-on Acquisition
Vienna, Austria · www.yourccc.com
ADT Security Services Canada, Inc. 2019-10-01 532M CAD Divestiture
Mississauga, Ontario · www.adt.ca
Medisys Health Group, Inc. 2018-08-20 - Add-on Acquisition
Montreal, Quebec · www.medisyshealthgroup.com
AlarmForce Industries, Inc. 2018-01-05 67M USD Add-on Acquisition
Toronto, Ontario · www.alarmforce.com
Nightingale Informatix Corp. 2016-07-14 14M USD Add-on Acquisition
Toronto, Ontario · www.nightingalemd.ca
Groupe Enode, Inc. 2014-04-01 - Add-on Acquisition
Québec, Quebec · www.groupe-enode.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
TELUS International, Inc.    - WillowTree LLC 2022-10-27 7
Vancouver, British Columbia · www.telusinternational.com Charlottesville, Virginia · www.willowtreeapps.com
LifeWorks, Inc. 2022-06-16 Benestar Group Pty Ltd. 2022-08-11 1
Toronto, Ontario · www.lifeworks.com Sydney, Australia · www.benestar.com
TELUS International, Inc.    - AFS Technologies, Inc. 2020-11-12 6
Vancouver, British Columbia · www.telusinternational.com Phoenix, Arizona · www.afsi.com
TELUS International, Inc.    - Lionbridge Technologies, Inc. 2020-11-06 5
Vancouver, British Columbia · www.telusinternational.com Waltham, Massachusetts · www.lionbridge.com

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 5 (25%) 763M (10%) - -
Communications 3 (15%) 3.6B (48%) - -
Internet Software and Services 3 (15%) 14M (< 1%) - -
Business Services 2 (10%) - - -
Safety/Security 2 (10%) 599M (8%) - -
Software 2 (10%) 275M (4%) - -
Consumer Services 1 (5%) 2.2B (30%) - -
E-Commerce 1 (5%) 28M (< 1%) - -
Healthcare Services 1 (5%) - - -
Total 20 $7.5B - -

By Geo

State/Country Buy Value Sell Value
Canada 18 7.2B - -
  Ontario 10 2.8B - -
  Quebec 5 763M - -
  British Columbia 1 - - -
Austria 1 - - -
United States 1 275M - -
  Massachusetts 1 275M - -
Domestic 18 (90%) 7.2B (96%) - -
Cross-border 2 (10%) 275M (4%) - -
Total 20 $7.5B - -

Top M&A Advisors

Financial Deals
CIBC Capital Markets
 1
Legal Deals
Clifford Chance
 1
Stikeman Elliott
 1

Deal Values

buy # Total
> $1B 2 $5.7B
$100M to $1B 3 $1.6B
< $100M 4 $186M
TOTAL $7.5B
Largest Clearnet Communications, Inc.
$3.5B (2000-10-20)

M&A Connections

Deals
Acquired from
Investor(s)
35%
7 (35%)
Strategic(s)
5%
1 (5%)

Company Summary

SECTOR

Communications

Revenue

20,005   10% 2023
18,292   9% 2022
16,838   10% 2021
15,341   6% 2020
14,589   4% 2019
14,095   7% 2018
13,202   4% 2017
12,725   3% 2016
12,430   5% 2015
11,927   2014
(millions of CAD) Show More Show Less

Employees

106,400

Established

1993

Public

NYSE: TU

Former Name

TELUS Communications Inc.

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