Add-on Acquisition • Semiconductors

Block Acquires Kili Technology

On March 11, 2015, Block acquired semiconductors company Kili Technology

Acquisition Context
  • This is Block’s 1st transaction in the Semiconductors sector.
  • This is Block’s 1st transaction in Canada.
  • This is Block’s 1st transaction in Ontario.

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M&A Deal Summary

Date March 11, 2015
Target Kili Technology
Sector Semiconductors
Buyer(s) Block
Deal Type Add-on Acquisition

Target Company

Kili Technology

Toronto, Ontario, Canada
Kili Technology Corp. is a manufacturer of computer processors designed to help devices accept new forms of payments, such as those through NFC technology.
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Buyer Overview 1

Buyer

Block

San Francisco, California, United States

Category Company
Founded 2009
Sector Financial Services
Employees12,400
Revenue 24.1B USD (2024)
DESCRIPTION

Block is a financial services and mobile payments company that provides a range of services to help businesses manage their payments, including hardware and software solutions for point-of-sale transactions, online payments, and invoicing. The Company's flagship product is the Square Reader, a small device that attaches to smartphones or tablets to enable credit and debit card payments. Block was formed in 2009 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 5 of 17
Sector: Semiconductors 1 of 1
Type: Add-on Acquisition 5 of 16
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2015 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Caviar

San Francisco, California, United States

Caviar is a delivery solution for consumers to order food from local eateries with the ability to live-track the order on a map.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Fastbite

San Francisco, California, United States

Fastbite is a service provider that offers fast delivery of quick food items. Fastbite deliveres amazing $10 meals from popular places in 10 minutes and received a great response from early adopters.

Buy -