Add-on Acquisition • Information Technology

ATB Financial Acquires Grow Technologies

On November 8, 2019, ATB Financial acquired information technology company Grow Technologies

Acquisition Context

This is ATB Financial’s 1st transaction in the Information Technology sector.
This is ATB Financial’s 1st transaction in Canada.
This is ATB Financial’s 1st transaction in British Columbia.

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M&A Deal Summary
Date	November 8, 2019
Target	Grow Technologies
Sector	Information Technology
Buyer(s)	ATB Financial
Deal Type	Add-on Acquisition

Target Company

Grow Technologies

Vancouver, British Columbia, Canada

Grow Technologies, Inc. is a provider of digital account and loan origination platform, FinSnap financial insights technology, and other proprietary digital banking technology solutions. Grow Technologies is based in Vancouver, British Columbia.

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Buyer Overview 1

Buyer

ATB Financial

Edmonton, Alberta, Canada

Category	Company
Sector	Financial Services

DESCRIPTION

Alberta Treasury Branches is a provider of financial services. Alberta Treasury Branches is based in Edmonton, Alberta.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
State: British Columbia	1 of 1
Country: Canada	1 of 1
Year: 2019	1 of 1

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