M&A Deal Summary

CyanConnode Holdings Acquires Connode Holding AB

On July 4, 2016, CyanConnode Holdings acquired technology hardware company Connode Holding AB for 7M GBP

Acquisition Highlights
  • This is CyanConnode Holdings’ 1st transaction in the Technology Hardware sector.
  • This is CyanConnode Holdings’ 0th largest (disclosed) transaction.
  • This is CyanConnode Holdings’ 1st transaction in Sweden.

M&A Deal Summary
Date 2016-07-04
Target Connode Holding AB
Sector Technology Hardware
Buyer(s) CyanConnode Holdings
Deal Type Add-on Acquisition
Deal Value 7M GBP

Target

Connode Holding AB

Sundbyberg, Sweden
Connode is a well-established supplier of wireless communications to the UK Smart Metering Implementation Programme (SMIP) – one of the world’s largest smart metering roll-outs. The potential value of the SMIP rollout to the combined company is approximately £37m in software licence and support fees, over the rollout and support lifecycle.

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Buyer(S) 1

Buyer

CyanConnode Holdings

Cambridge, United Kingdom
Category Company
Founded 2002
Sector Technology Hardware
Employees120
Revenue 12M GBP (2023)
DESCRIPTION

CyanConnode Holdings is a provider of a communication platform for energy, lighting and emerging applications in the wider ‘Internet of Things’ network. Its integrated platform and partner collaborations deliver end-to-end solutions that connect millions of devices and support bidirectional communication with the end customer. Cyan’s smart metering and lighting solutions enhance quality of service in emerging regions, through power savings, lower operating costs and increased cost efficiency. Cyan’s vision to create improved value through Smart City solutions has provided its customers with the foundation upon which to build incremental services as these markets evolve. CyanConnode Holdings was founded in 2002 and is based in Cambridge, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2016) 1 of 1
Mergr

Product

Company

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