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New Deal


Announced

mCloud to acquire Fulcrum and Autopro.

Financials

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Transaction Value£23m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cloud computing services

Digital Services

analytics software

Public

Canada

artificial intelligence

Acquisition

Pending

Friendly

Single Bidder

Synopsis

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Universal mCloud Corp, a provider of asset management solutions combining IoT, cloud computing, artificial intelligence, and analytics, signed the final binding definitive agreement to acquire Fulcrum Automation Technologies and Autopro Automation Consultants for $30m. "Autopro's extensive expertise in industrial process automation along with the many strong customer relationships they maintain within oil and gas create the opportunity to take AI-powered asset management across the industry," said Russ McMeekin, mCloud President, and CEO.

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