M&A Deal Summary

Blackline Safety Acquires Swift Labs

On April 4, 2022, Blackline Safety acquired technology hardware company Swift Labs for 5M USD

Acquisition Highlights
  • This is Blackline Safety’s 1st transaction in the Technology Hardware sector.
  • This is Blackline Safety’s largest (disclosed) transaction.
  • This is Blackline Safety’s 1st transaction in Canada.
  • This is Blackline Safety’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-04-04
Target Swift Labs
Sector Technology Hardware
Buyer(s) Blackline Safety
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Swift Labs

Kitchener, Ontario, Canada
Swift Labs is a connected safety provider of wearable safety technology, personal and area gas monitoring, cloud-connected software, and data analytics to meet demanding safety challenges and increase the productivity of organizations with coverage in more than 100 countries. Swift Labs was founded in 2014 and is based in Kitchener, Ontario.

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Buyer(S) 1

Buyer

Blackline Safety

Calgary, Alberta, Canada
Category Company
Founded 2004
Sector Technology Hardware
Employees496
Revenue 100M CAD (2023)
DESCRIPTION

Blackline Safety provides wearable safety technology, personal and area gas monitoring, cloud-connected software, and data analytics to meet demanding safety challenges and increase the productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 140 billion data-points and initiated over five million emergency responses. Blackline Safety was incorporated in 2004 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Eleksen

Leicester, United Kingdom

Eleksen focused on the construction and light industrial safety market comprised of wirelessly supports a range of sensor partnerships, including sound dosimetry, biometrics, ergonomics, vibration, and vehicle proximity. Each wearable hub streams sensor data to the Eleksen cloud that powers data storage, alerting, geofencing, dashboards, data visualizations, and trending. Eleksen is based in Leicester, United Kingdom.

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