M&A Deal Summary

Carmanah Acquires Cybernetica - EKTA Branded Products

On November 29, 2016, Carmanah acquired electrical equipment company Cybernetica - EKTA Branded Products from Cybernetica AS for 1M EUR

Acquisition Highlights
  • This is Carmanah’s 5th transaction in the Electrical Equipment sector.
  • This is Carmanah’s 3rd largest (disclosed) transaction.
  • This is Carmanah’s 1st transaction in Estonia.

M&A Deal Summary

Date 2016-11-29
Target Cybernetica - EKTA Branded Products
Sector Electrical Equipment
Buyer(s) Carmanah
Sellers(s) Cybernetica AS
Deal Type Divestiture
Deal Value 1M EUR

Target

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.

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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 6 of 6
Sector: Electrical Equipment M&A 5 of 5
Type: Divestiture M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 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.

Buy €22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-19 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.

Sell -

Seller(S) 1

SELLER

Cybernetica AS

Tallinn, Estonia

Category Company
Founded 1997
Sector Electrical Equipment
DESCRIPTION

Cybernetica is an R&D intensive ICT company that researches, develops and manufactures mission-critical systems, light signalling and telematics products, maritime surveillance and radio communications systems. Cybernetica has been an active counterpart in developing critical e-Government systems, such as the Estonian X-Road, i-Voting, e-Customs and others.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Estonia M&A 1 of 1
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 1