M&A Deal Summary

Samsung Electronics Acquires NewNet Communication Technologies Canada

On November 16, 2016, Samsung Electronics acquired software company NewNet Communication Technologies Canada from NewNet for 19M USD

Acquisition Highlights
  • This is Samsung Electronics’ 3rd transaction in the Software sector.
  • This is Samsung Electronics’ 6th largest (disclosed) transaction.
  • This is Samsung Electronics’ 2nd transaction in Canada.
  • This is Samsung Electronics’ 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2016-11-16
Target NewNet Communication Technologies Canada
Sector Software
Buyer(s) Samsung Electronics
Sellers(s) NewNet
Deal Type Divestiture
Deal Value 19M USD

Target

NewNet Communication Technologies Canada

Halifax, Nova Scotia, Canada
NewNet Communication Technologies Canada develops mobile and wireline telecom software solutions for global carriers. The Company's services include professional services to telcos and development of RCS Messaging software solutions. NewNet Communication Technologies Canada is based in Halifax, Nova Scotia.

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Buyer(S) 1

Buyer

Samsung Electronics

Suwon, South Korea
Category Company
Founded 1969
Sector Electronics
Employees106,074
Revenue 258.94T KRW (2023)
DESCRIPTION
Office on Samsung's corporate campus in Mountain View, California.
Office on Samsung's corporate campus in Mountain View, California.

Samsung Electronics is a manufacturer and marketer of a wide range of consumer electronics. Samsung Electronics produces mobile phones, televisions, computers as well as electronic components including batteries, chips, memory and hard drives. Samsung Electronics was founded in 1938 and is based in Suwon, South Korea.

DEAL STATS #
Overall 21 of 28
Sector (Software) 3 of 5
Type (Divestiture) 2 of 2
State (Nova Scotia) 1 of 1
Country (Canada) 2 of 2
Year (2016) 6 of 6
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 Harman International Industries

Stamford, Connecticut, United States

Harman International Industries, Inc. is a designer, manufacturer and marketer of audio and infotainment products for the automotive, consumer and professional markets. Its brands include Harman Kardon, JBL, Revel, Mark Levinson, Infinity, Lexicon, Soundcraft-Studer, AKG, Becker and QNX. Harman International Industries, Inc. was formed in 1980 and is based in Stamford, Connecticut.

Buy $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 Pusan Newport

Busan, South Korea

Pusan Newport Co. Ltd. is a container terminal. Pusan Newport Co. Ltd. offers on-dock service, cargo handling, port security systems, inter-terminal transportations, and other solutions.

Sell -

Seller(S) 1

SELLER

NewNet

Lombard, Illinois, United States
Category Company
Founded 1989
Sector Software
DESCRIPTION
NewNet's headquarters in Lombard, Illinois.
NewNet's headquarters in Lombard, Illinois.

NewNet is a provider of telecom infrastructure solutions, with products ranging from software protocols and messaging applications to systems supporting Secure Financial Transaction Processing. NewNet software protocol, messaging and mobile data solutions address the needs of wireless, IP, and wireline networks. NewNet’s scalable signaling platforms enable rapid development and deployment of a wide spectrum of carrier-grade, revenue generating and compliance applications. NewNet was originally established in 1989 and is based in Lombard, Illinois.

DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 1
Type (Divestiture) 1 of 4
State (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 Volt Delta International

Staines, United Kingdom

Volt Delta International Ltd. is a provider of cloud-based contact center services and voice self-service applications to organizations around the world. Volt Delta International Ltd. was founded in 1950 and is based in Staines, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Volt Delta International

Staines, United Kingdom

Volt Delta International Ltd. is a provider of cloud-based contact center services and voice self-service applications to organizations around the world. Volt Delta International Ltd. was founded in 1950 and is based in Staines, United Kingdom.

Sell -
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