M&A Deal Summary

Block Acquires Kili Technology

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2015-03-11
Target Kili Technology
Sector Semiconductors
Buyer(s) Block
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Block

San Francisco, California, United States
Category Company
Founded 2009
Sector Financial Services
Employees12,400
Revenue 21.9B USD (2023)
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 STATS #
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 -
Mergr

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