M&A Deal Summary

TELUS Acquires Arqana Technologies

On May 31, 2001, TELUS acquired information technology company Arqana Technologies

Acquisition Highlights
  • This is TELUS’s 1st transaction in the Information Technology sector.
  • This is TELUS’s 2nd transaction in Canada.
  • This is TELUS’s 1st transaction in Quebec.

M&A Deal Summary
Date 2001-05-31
Target Arqana Technologies
Sector Information Technology
Buyer(s) TELUS
Deal Type Add-on Acquisition

Target

Arqana Technologies

Quebec, Canada
Arqana Technologies is an information technology infrastructure solutions provider. Arqana provides consultation and deployment of local and wide-area networks, enterprise servers, storage devices and information security and management tools.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada
Category Company
Founded 1993
Sector Communications
Employees106,400
Revenue 20.0B CAD (2023)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 2 of 20
Sector (Information Technology) 1 of 5
Type (Add-on Acquisition) 2 of 19
State (Quebec) 1 of 5
Country (Canada) 2 of 18
Year (2001) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-20 Clearnet Communications

Toronto, Canada

Clearnet was a leading Canadian wireless communications company that operated three separate national wireless networks: digital Clearnet PCS, The Mike Network based on enhanced specialized mobile radio, and analogue dispatch communication services.

Buy CA$4.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-20 PSINet Canada

Canada

In Canada, PSINet provides Internet access, Web hosting, security and e-commerce application services to the Canadian business and ISP markets. The company also delivers consumer and small business Internet services in the Calgary area through its wholly-owned subsidiary, CADVision. PSINet has about 50 points-of-presence, or connection facilities. It serves most major markets in the country, including Toronto, Montreal, Ottawa, Edmonton, Calgary and Vancouver.

Buy $77M
Mergr

Product

Company

Legal