Add-on Acquisition • Software

IBI Acquires GreenOwl Mobile

On May 18, 2018, IBI acquired software company GreenOwl Mobile

Acquisition Context
  • This is IBI’s 1st transaction in the Software sector.
  • This is IBI’s 1st transaction in Canada.
  • This is IBI’s 1st transaction in Ontario.

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M&A Deal Summary

Date May 18, 2018
Target GreenOwl Mobile
Sector Software
Buyer(s) IBI
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 6
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 5
State: Ontario 1 of 2
Country: Canada 1 of 5
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 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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