M&A Deal Summary

MGX Acquires ZincNyx Energy Solutions

On December 13, 2017, MGX acquired energy services and equipment company ZincNyx Energy Solutions for 250M CAD

Acquisition Highlights
  • This is MGX’s 1st transaction in the Energy Services and Equipment sector.
  • This is MGX’s 0th largest (disclosed) transaction.
  • This is MGX’s 1st transaction in the United Kingdom.
  • This is MGX’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2017-12-13
Target ZincNyx Energy Solutions
Sector Energy Services and Equipment
Buyer(s) MGX
Deal Type Add-on Acquisition
Deal Value 250M CAD

Target

ZincNyx Energy Solutions

Vancouver, British Columbia, United Kingdom
website
ZincNyx Energy Solutions, Inc. is a developer of a modular energy storage system (ESS) designed for energy storage in the 5 kW to 1 MW range for extended periods of time. This innovative regenerative zinc-air flow battery can be scaled from kilowatt to megawatt range to provide low cost energy storage.

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Buyer(S) 1

Buyer

MGX

Vancouver, British Columbia, Canada

website


Category Company
Sector Metals/Mining
DESCRIPTION

MGX is a mining company engaged in the development of large-scale industrial mineral portfolios in western Canada that offer near-term production potential, minimal barriers to entry and low initial capital expenditures.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 2 of 2
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Purlucid Treatment Solutions

Calgary, Alberta, Canada

Purlucid Treatment Solutions, Inc. is a water and wastewater treatment services company comprised of seasoned professional staff from existing large oil and gas service companies.

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