M&A Deal Summary

IBI Acquires Aspyr Engineering

On September 5, 2019, IBI acquired information technology company Aspyr Engineering

Acquisition Highlights
  • This is IBI’s 1st transaction in the Information Technology sector.
  • This is IBI’s 2nd transaction in Canada.
  • This is IBI’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-09-05
Target Aspyr Engineering
Sector Information Technology
Buyer(s) IBI
Deal Type Add-on Acquisition

Target

Aspyr Engineering

Burnaby, British Columbia, Canada
Aspyr Engineering Ltd. specializes in the design and implementation of IT, audio-visual, communications and security technologies for both the public and private sectors, with unique expertise in healthcare, higher education, justice, and government. Based in Burnaby, British Columbia, Aspyr Engineering Ltd. has designed hundreds of custom systems for its clients, including an industry-first virtual applications infrastructure for a correctional center, using IOS and Android mobile technology. Additionally, its Gigabit Passive Optical Network solution for Emily Carr University was the most sophisticated fiber-optic AV/IT network of its kind in North America.

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Buyer(S) 1

Buyer

IBI

Toronto, Ontario, Canada
Category Company
Founded 1974
Sector Engineering
Revenue 557M CAD (2021)
DESCRIPTION

IBI is a globally integrated architecture, planning, engineering, and technology firm. IBI was founded in 1974 and is based in Toronto, Ontario.

DEAL STATS #
Overall 2 of 6
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (British Columbia) 1 of 1
Country (Canada) 2 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 GreenOwl Mobile

Thornhill, Ontario, Canada

GreenOwl Mobile is a provider of mobile technologies for smart cities. It has developed and deployed software solutions for transportation authorities, cities, municipalities, and private media corporations. GreenOwl Mobile was founded in 2010 and is based in Thornhill, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-10 Telenium

Winnipeg, Manitoba, Canada

Telenium is a telecommunications company that specializes in the integration of voice and web technologies. Telenium is most known in Canada for its integrated 511 advanced traveler information solution and road condition reporting system. Telenium was established in 2001 and is headquartered in Winnipeg, Manitoba.

Buy -
Mergr

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