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M&A Deal Summary

Ubicquia Acquires GE Current - CityIQ

On May 4, 2020, Ubicquia acquired technology hardware company GE Current - CityIQ from GE Current

Acquisition Highlights
  • This is Ubicquia’s 1st transaction in the Technology Hardware sector.
  • This is Ubicquia’s 1st transaction in the United States.
  • This is Ubicquia’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-05-04
Target GE Current - CityIQ
Sector Technology Hardware
Buyer(s) Ubicquia
Sellers(s) GE Current
Deal Type Divestiture

Target

GE Current - CityIQ

Ohio, United States
GE Current - CityIQ assets comprise technology, related patents, and contracts with major customers and cities across the US and Canada. It has been a leading smart city digital infrastructure solution for traffic optimization and public safety for cities across the U.S. It's fully integrated form factor is barely seen from street level and simplifies installation across all cobra head and ornamental streetlights. The CityIQ edge AI platform captures and analyzes street-level video and audio data to solve daily challenges facing cities including reducing traffic times and queue lengths, improving bicycle lane utilization and safety, reducing crime, and supporting public health initiatives. CityIQ has a published set of APIs and tools to help cities integrate their data with internal business intelligence systems or with 3rd party partner platforms including ShotSpotter, Genetec, and Xaqt. To date, CityIQ has been deployed in numerous cities across the U.S. and Canada including San Diego, Atlanta, Portland, and Schenectady.

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Buyer(S) 1

Buyer

Ubicquia

Melbourne, Florida, United States
Category Company
Founded 2014
Sector Technology Hardware
DESCRIPTION

Ubicquia LLC offers municipalities, utilities, and mobile operators a cost-effective and expandable platform for deploying smart city, broadband, and small cell services. The Ubi suite of product lines includes Ubicell™, Ubihub™, and Ubimetro™ which are NEMA socket-compliant and compatible with more than 360 million streetlights globally. Ubicquia is actively involved in organizations, including the US Conference of Mayors Business Council, GSMA, Competitive Carrier Association, CBRS Alliance, and Illuminating Engineering Society to help drive efforts to make global smart connectivity a reality. Ubicquia was formed in 2014 and is based in Melbourne, Florida.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

GE Current

Cleveland, Ohio, United States
Category Company
Founded 2019
Sector Electronics
DESCRIPTION

GE Current advances the world with people-focused lighting and intelligent controls, making commercial buildings, retail stores, industrial facilities, and roadway more energy efficient and productive. The company is helping businesses and cities unlock hidden value and realize the potential of their environments.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Forum Lighting

Pittsburgh, Pennsylvania, United States

Forum Lighting is an independent architectural luminaire manufacturer for commercial, health care, education, office, retail, and custom applications. Forum Lighting was founded in 1963 and is based in Pittsburgh, Pennsylvania.

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