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  6. American Associates Group Acquires C.I.T. Technology Group

M&A Deal Summary

American Associates Group Acquires C.I.T. Technology Group

On December 15, 2005, American Associates Group acquired technology hardware company C.I.T. Technology Group

Acquisition Highlights
  • This is American Associates Group’s 1st transaction in the Technology Hardware sector.
  • This is American Associates Group’s 1st transaction in Canada.
  • This is American Associates Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2005-12-15
Target C.I.T. Technology Group
Sector Technology Hardware
Buyer(s) American Associates Group
Deal Type Add-on Acquisition

Target

C.I.T. Technology Group

Oakville, Ontario, Canada
C.I.T. Technology Group, Inc. is a secured document manufacturing company which utilizes their own technology to produce highly secured documents such as personalized ID, digital passports, airline boarding passes, certificates and checks.

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Buyer(S) 1

Buyer

American Associates Group

United States
Category Company
Sector Information Technology
DESCRIPTION

American Associates Group, Inc. is a provider of IT services.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2005 M&A 1 of 1
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