M&A Deal Summary

Henkel Acquires Direct-C

On August 9, 2022, Henkel acquired business services company Direct-C

Acquisition Highlights
  • This is Henkel’s 1st transaction in the Business Services sector.
  • This is Henkel’s 2nd transaction in Canada.
  • This is Henkel’s 1st transaction in Alberta.

M&A Deal Summary
Date 2022-08-09
Target Direct-C
Sector Business Services
Buyer(s) Henkel
Deal Type Add-on Acquisition

Target

Direct-C

Edmonton, Alberta, Canada
Direct-C has developed a platform sensor technology that uses a proprietary, polymer-based nanocomposite “paint”. This “paint” can be applied to any surface of interest that requires large area measurements for temperature, stress/strain/cracking and chemical exposure (such as a building, bridge, engine, pipeline, etc.) or it can be built into small area sensors that provide location specific measurements. The first revenue generating commercial market application deploys a formulation specifically designed to detect liquid hydrocarbons and is currently used in the implementation of a variety of oil leak detection solutions that provide unparalleled performance for the integrity monitoring of oil and gas infrastructure. The solutions provide no false positives, instant alerts, and precise locations of a release – all which lead to enhanced response times to unexpected incidents. www.direct-c.ca

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Buyer(S) 1

Buyer

Henkel

Dusseldorf, Germany
Category Company
Founded 1876
Sector Consumer Products
Employees47,750
Revenue 21.5B EUR (2023)
DESCRIPTION

Henkel is a manufacturer and marketer of laundry, home care, beauty care, and adhesive products. The company offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods; mobility and electronics; and craftsmen, construction, and professional industries. Henkel was founded in 1876 and is based in Dusseldorf, Germany.

DEAL STATS #
Overall 32 of 34
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 25 of 27
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 3RT

Heatherton, Australia

3RT is a hardwood technology company that developed a novel automated production process for converting low-value wood fiber into hardwood products. Based on a patented process, the company applies a water-based, formaldehyde-free “Nano-bonding agent” that biomimics the structure of a natural tree. The technology platform uses advanced robotics and smart automation to create products of a high-quality appearance and is 100% natural and recyclable. 3RT was formed in 2014 and is based in Heatherton, Australia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Critica Infrastructure

Houston, Texas, United States

Critica Infrastructure is a manufacturer and provider of high-performance critical infrastructure construction and repair products and associated engineering support and training services. The Company's solutions are used to maintain, rehabilitate, and construct pipelines, natural gas distribution lines, high-consequence industrial pipe works, electrical grids, and civil structures. Critica composite pipe repair systems and inline insertion valves are in use in more than 75 countries and include industry-leading products such as Clock Spring™, Syntho-Glass®XT, Scar-Guard®, Contour, and DiamondWrap® composite products, as well as the award-winning AVT EZ Valve™ for water and gas lines. Critica Infrastructure was founded in 2019 and is based in Houston, Texas.

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