M&A Deal Summary

Visionstate Acquires Exceed Solar

On April 23, 2021, Visionstate acquired renewable energy company Exceed Solar

Acquisition Highlights
  • This is Visionstate’s 1st transaction in the Renewable Energy sector.
  • This is Visionstate’s 1st transaction in Canada.
  • This is Visionstate’s 1st transaction in Alberta.

M&A Deal Summary

Date 2021-04-23
Target Exceed Solar
Sector Renewable Energy
Buyer(s) Visionstate
Deal Type Add-on Acquisition

Target

Exceed Solar

Edmonton, Alberta, Canada
Exceed Solar, an Alberta-based renewable energy company focused on smart, high-tech building envelopes for residential applications. Exceed Solar’s focus is on residential applications such as studios, greenhouses and garden suites that come packaged with plug-and-play solar energy. The company is currently executing on a high-tech, solar-powered greenhouse in partnership with the University of Alberta Engineering and Energy Management and Sustainable Operations departments.

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Buyer(S) 1

Buyer

Visionstate

Edmonton, Alberta, Canada

Category Company
Sector Information Technology
Revenue 1M CAD (2021)
DESCRIPTION

Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. It helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Visionstate is based in Edmonton, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1