M&A Deal Summary

Micro Bird Acquires Ecotuned Automobile

On August 12, 2021, Micro Bird acquired automotive company Ecotuned Automobile

Acquisition Highlights
  • This is Micro Bird’s 1st transaction in the Automotive sector.
  • This is Micro Bird’s 1st transaction in Canada.
  • This is Micro Bird’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-08-12
Target Ecotuned Automobile
Sector Automotive
Buyer(s) Micro Bird
Deal Type Add-on Acquisition

Target

Ecotuned Automobile

Varennes, Quebec, Canada
Ecotuned Automobile has developed a universal and reusable conversion kit designed to transform polluting light trucks into electric vehicles. By taking advantage of the one million km lifespan of the electric motor and taking advantage of the similarity between light trucks, the technology can be easily installed and reused in the majority of pickup truck/van models. with only standard tools from most auto shops in North America. This innovative solution contributes to the rapid creation of electric vehicles. It also allows customers to benefit from significant savings (80%) while contributing to sustainable development and the reduction of greenhouse gases (GHGs). Ecotuned Automobile is based in Varennes, Quebec.

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Buyer(S) 1

Buyer

Micro Bird

Drummondville, Quebec, Canada
Category Company
Sector Automotive
DESCRIPTION

Micro Bird is a manufacturer in quality and safety in the type A business. Micro Bird Commercial, a newly formed division of Micro Bird, designs and manufactures a complete line of commercial buses for up to 25 passengers. Since forming, the company has continued to set industry standards with its innovative design, quality, and safety; creating value for its customers. Its buses are purpose-built for tours, assisted living, public transit, shuttle markets, and many more.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
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Product

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