M&A Deal Summary

Carmanah Acquires Sabik Group of Companies

On June 10, 2015, Carmanah acquired electrical equipment company Sabik Group of Companies for 22M EUR

Acquisition Highlights
  • This is Carmanah’s 4th transaction in the Electrical Equipment sector.
  • This is Carmanah’s largest (disclosed) transaction.
  • This is Carmanah’s 1st transaction in Finland.

M&A Deal Summary

Date 2015-06-10
Target Sabik Group of Companies
Sector Electrical Equipment
Buyer(s) Carmanah
Deal Type Add-on Acquisition
Deal Value 22M EUR

Target

Sabik Group of Companies

Porvoo, Finland
Sabik Group of Companies is a competitor in the worldwide marine aids to navigation market. Sabik’s marine aids to navigation activities are headquartered at Sabik OY in Porvoo, Finland. Sabik Group of Companies includes Sabik OY, Sabik GmbH, Sabik PTE Ltd, Sabik Offshore Ltd and Sabik Ltd.

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Buyer(S) 1

Buyer

Carmanah

Victoria, British Columbia, Canada

Category Company
Founded 1996
Sector Electrical Equipment
Revenue 31M CAD (2018)
DESCRIPTION

Carmanah is a designer and manufacturer of compliant solar and AC-powered systems for pedestrian and traffic safety across North America. Carmanah was founded in 1996 and is based in Victoria, British Columbia.


DEAL STATS #
Overall 5 of 6
Sector (Electrical Equipment) 4 of 5
Type (Add-on Acquisition) 5 of 5
Country (Finland) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-26 SOL

Pompano Beach, Florida, United States

SOL, Inc. designs, manufactures and sells solar outdoor LED lighting solutions. Over the past two decades, the company has installed more than 60,000 systems in more than 60 countries on six continents. SOL Inc. has provided reliable, cost-effective, customized and esthetically pleasing solar lighting solutions for a wide range of lighting applications including roadways, parking lots, paths and trails, perimeter security, campuses, military bases, storage areas and for ad lights or monument signs. SOL’s lighting solutions are less expensive than grid-tied lighting for many applications because they eliminate the cost of wiring, trenching and other electrical and utility costs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Cybernetica - EKTA Branded Products

Estonia

Cybernetica - EKTA Branded Products develops and manufactures light signaling and telematics products, maritime surveillance, and radio communications systems. Included within these are marine aids to navigation products.

Buy €1M