M&A Deal Summary

Tantalus Systems Acquires Energate

On August 23, 2017, Tantalus Systems acquired electrical equipment company Energate

Acquisition Highlights
  • This is Tantalus Systems’ 1st transaction in the Electrical Equipment sector.
  • This is Tantalus Systems’ 1st transaction in Canada.
  • This is Tantalus Systems’ 1st transaction in Ontario.

M&A Deal Summary
Date 2017-08-23
Target Energate
Sector Electrical Equipment
Buyer(s) Tantalus Systems
Deal Type Add-on Acquisition

Target

Energate

Ottawa, Ontario, Canada
Energate, Inc. is a provider of an interactive energy management solutions for energy management and the connected home. Energate was founded in 2004 and is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

Tantalus Systems

Burnaby, British Columbia, Canada
Category Company
Sector Information Technology
DESCRIPTION

Tantalus Systems Corp. is a provider of an end-to-end communications platform utilizing IP-based networks including Fiber, WiMAX and cellular as well as 220 & 900 MHz wireless RF. TUNet is purpose built for the Smart Grid and unites utility applications through distributed, Linux-based edge computing capability at every endpoint. The result is enhanced value across all utility departments through integrated solutions such as AMI, outage management, power quality monitoring, load management, smart thermostats, smart plugs and distribution grid optimization that are both cost-effective and practical to deploy throughout urban and rural service areas.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
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