M&A Deal Summary

Koch Industries Acquires DarkVision Technologies

On May 19, 2020, Koch Industries acquired energy services and equipment company DarkVision Technologies

Acquisition Highlights
  • This is Koch Industries’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Koch Industries’ 1st transaction in Canada.
  • This is Koch Industries’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-05-19
Target DarkVision Technologies
Sector Energy Services and Equipment
Buyer(s) Koch Industries
Deal Type Add-on Acquisition

Target

DarkVision Technologies

North Vancouver, British Columbia, Canada
DarkVision Technologies is a high-tech industrial imaging company specializes in proprietary acoustic-based imaging solutions for industry, with engineering teams that develop the entire technology stack in-house, including sensors, hardware, electronics, and software. Its initial product-line, HADES™, is an award-winning solution used by dozens of operators in the US and Canada to inspect, evaluate, and assess their wells and other upstream assets. DarkVision Technologies was formed in 2013 and is based in North Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Koch Industries

Wichita, Kansas, United States
Category Company
Founded 1940
Sector Diversified
Employees60,000
Revenue 115.0B USD (2012)
DESCRIPTION

Koch Industries owns a diverse group of companies engaged in refining and chemicals; fibers and polymers; commodity and financial trading; and forest and consumer products. Koch Industries was formed in 1940 and is based in Wichita, Kansas.

DEAL STATS #
Overall 10 of 14
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 9 of 11
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 Sentient Energy

Frisco, Texas, United States

Sentient Energy makes power delivery safe, reliable, and solar-ready worldwide. The company provides Grid Analytics System that covers the entire distribution network with innovative, quickly deployed intelligent sensors and analytics that identify and analyze potential faults and other grid events. Sentient Energy has a network of line sensor deployments in North America, and partnerships with leading utility network providers including Itron, Landis + Gyr, AT&T, Verizon, Telus, and Bell Canada. Sentient Energy was formed in 2009 and is based in Frisco, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 PQ Performance Chemicals

Malvern, Pennsylvania, United States

PQ Performance Chemicals is a global supplier of silicate and derivative products that serve as environmentally friendly substitutes for materials used in a variety of applications. These include end uses such as matting agents in surface coatings, clarifying agents for edible oils and beverages, additives to paints and coatings for thermal insulation, and sensory particles in personal care products to improve feel attributes.

Buy $1.1B
Mergr

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