M&A Deal Summary

Eddyfi Technologies Acquires Inuktun Services

On February 5, 2019, Eddyfi Technologies acquired technology hardware company Inuktun Services

Acquisition Highlights
  • This is Eddyfi Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Eddyfi Technologies’ 2nd transaction in Canada.
  • This is Eddyfi Technologies’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-02-05
Target Inuktun Services
Sector Technology Hardware
Buyer(s) Eddyfi Technologies
Deal Type Add-on Acquisition

Target

Inuktun Services

Nanaimo, British Columbia, Canada
Inuktun Services Ltd. is a well-known developer and manufacturer of remotely operated crawlers and camera systems. Inuktun offers robotic systems that bridge the gap between NDT inspectors and the physical world, helping customers see the unseen and safely go beyond physical inspection limitations.

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Buyer(S) 1

Buyer

Eddyfi Technologies

Quebec, Quebec, Canada
Category Company
Founded 2009
Sector Test/Measurement Equipment
Employees200
DESCRIPTION

Eddyfi Technologies is specialized in the development of equipment and software used to detect cracks, corrosion and other anomalies on different types of structures. Its advanced non-destructive testing (NDT) technologies – meaning no damage is caused to the asset being inspected – are used for the inspection of critical components in industries such as power generation, petrochemicals and aerospace. Eddyfi Technologies was founded in 2009 and is based in Quebec, Canada.

DEAL STATS #
Overall 6 of 7
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 M2M

Paris, France

M2M is a renowned developer and manufacturer of phased array ultrasonic testing (PAUT) instruments for NDT.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 HalfWave AS

Hordaland, Norway

HalfWave AS provides accurate and reliable inspection data that allows its customers to make informed choices in order to maintain the integrity of critical assets. Halfwave has developed innovative cost-effective inspection tools and services for the energy market. Key to Halfwave’s offering is its patented ultra-wideband acoustic inspection technology (ART), which offers penetration and measurement capabilities significantly exceeding those of existing inspection technologies.

Buy -
Mergr

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