M&A Deal Summary

Novo Integrated Sciences Acquires PRO-DIP

On May 26, 2021, Novo Integrated Sciences acquired information technology company PRO-DIP for 755M USD

Acquisition Highlights
  • This is Novo Integrated Sciences’ 1st transaction in the Information Technology sector.
  • This is Novo Integrated Sciences’ largest (disclosed) transaction.
  • This is Novo Integrated Sciences’ 1st transaction in the United States.
  • This is Novo Integrated Sciences’ 1st transaction in California.

M&A Deal Summary
Date 2021-05-26
Target PRO-DIP
Sector Information Technology
Buyer(s) Novo Integrated Sciences
Deal Type Add-on Acquisition
Deal Value 755M USD

Target

PRO-DIP

San Jose, California, United States
PRO-DIP is a developer of an innovative, patent-pending oral pouch delivery system technology which allows for broad market applications related to nutritionally focused products and medicinal based formulations. PRO-DIP was founded in 2015 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Novo Integrated Sciences

Bellevue, Washington, United States
Category Company
Founded 2000
Sector Automotive
Employees127
Revenue 13M USD (2023)
DESCRIPTION

Novo Integrated Sciences is a clean-air technology company dedicated to identifying, developing and commercializing important scientific innovations designed to enhance both environmental conservation and cost savings in how the world produces and consumes energy. Novo Integrated Sciences was founded in 2000 and is based in Bellevue, Washington.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-06 Novo Healthnet

Concord, Ontario, Canada

Novo Healthnet Ltd. is one of the Canada's largest Ancillary Health Service providers of physiotherapy, occupational therapy, chiropractic medicine and massage therapy. Novo is represented nationally by a network of over 140 clinics staffed and administered by licensed health care professionals, as well as over 130 Long Term Care and Retirement Homes for which Novo provides rehabilitation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Terragenx

Cobourg, Ontario, Canada

Terragenx is dedicated to providing unique, healthy, and beneficial human applications for pure molecular aqueous iodine. Formulations are structured to work in harmony with body's iodine requirements. The company's products provide all of the health benefits of iodine without any of the additives found in other dietary supplements. Terragenx was formed in 2016 and is based in 2016 and is based in Cobourg, Ontario.

Buy -
Mergr

Product

Company

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