M&A Deal Summary

Previan Technologies Acquires Inuktun Services

On February 5, 2019, Previan Technologies acquired technology hardware company Inuktun Services

Acquisition Highlights
  • This is Previan Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Previan Technologies’ 2nd transaction in Canada.
  • This is Previan Technologies’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2019-02-05
Target Inuktun Services
Sector Technology Hardware
Buyer(s) Previan Technologies
Deal Type Add-on Acquisition

Target

Inuktun Services

Nanaimo, British Columbia, Canada
Inuktun Services Ltd. is a well-known developer and manufacturer of remotely operated crawlers and camera systems. Inuktun offers robotic systems that bridge the gap between NDT inspectors and the physical world, helping customers see the unseen and safely go beyond physical inspection limitations.

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Buyer(S) 1

Buyer

Previan Technologies

Quebec, Quebec, Canada

Category Company
Founded 2009
Sector Test/Measurement Equipment
DESCRIPTION

Previan Technologies is specialized in the development of equipment and software used to detect cracks, corrosion and other anomalies on different types of structures. Its advanced non-destructive testing (NDT) technologies – meaning no damage is caused to the asset being inspected – are used for the inspection of critical components in industries such as power generation, petrochemicals and aerospace. Previan Technologies was founded in 2009 and is based in Quebec, Quebec.


DEAL STATS #
Overall 6 of 13
Sector: Technology Hardware M&A 1 of 3
Type: Add-on Acquisition M&A Deals 6 of 11
State: British Columbia M&A 1 of 1
Country: Canada M&A 2 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 M2M

Paris, France

M2M is a renowned developer and manufacturer of phased array ultrasonic testing (PAUT) instruments for NDT.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-05 NDT Global

Dublin, United States

NDT Global is a supplier of ultrasonic pipeline inspection and data analysis. Its state-of-the-art inspection fleet provides the entire inline inspection service (ILI) spectrum for onshore and offshore pipelines worldwide. NDT Global was founded in 2000 and is based in Dublin, Ireland.

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