M&A Deal Summary

Brainbox AI Acquires Turntide - Automation Division

On May 29, 2024, Brainbox AI acquired internet software and services company Turntide - Automation Division from Turntide Technologies

Acquisition Highlights
  • This is Brainbox AI’s 1st transaction in the Internet Software and Services sector.
  • This is Brainbox AI’s 1st transaction in the United States.
  • This is Brainbox AI’s 1st transaction in California.

M&A Deal Summary

Date 2024-05-29
Target Turntide - Automation Division
Sector Internet Software and Services
Buyer(s) Brainbox AI
Sellers(s) Turntide Technologies
Deal Type Divestiture

Target

Turntide - Automation Division

Sunnyvale, California, United States
Turntide's Automation Division provides cloud-based integration and automation systems for the built environment.

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Buyer(S) 1

Buyer

Brainbox AI

Montreal, Quebec, Canada

Category Company
Founded 2017
Sector Software
Employees190
DESCRIPTION

Brainbox AI provides autonomous and generative AI building technology. BrainBox AI’s game-changing HVAC technology leverages autonomous AI to make buildings smarter, greener, and more efficient. Working together with our trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more. Brainbox AI was formed in 2017 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Turntide Technologies

Sunnyvale, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Turntide Technologies is a developer of smart motor system provides switched reluctance technology, now managed with advanced cloud software and connected to precise controls via IoT. Turntide Technologies is based in Sunnyvale, California.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Royal De Boer

Leeuwarden, Netherlands

Royal De Boer is a manufacturer of barn equipment such as feed fences, cubicles, ventilation and manure systems, operating one production plant. Royal De Boer was founded in 1869 and is based in Leeuwarden, Netherlands.

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