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New Deal


Announced

Urbint to acquire Opvantek.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

business management

Private

Friendly

asset management solutions

Acquisition

Pending

Business Process Outsourcing

Majority

Single Bidder

Synopsis

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Urbint, a provider artificial intelligence for gas safety and risk reduction, agreed to acquire Opvantek, a provider of risk-based asset management solutions for gas, electric, and telecommunications utilities. Financial terms were not disclosed. “Urbint and Opvantek share a common goal – making communities safer and more resilient. Independently, Urbint and Opvantek have pursued this goal by delivering solutions that help utilities measure and mitigate risk. The combination of our technology solutions will accelerate our ability to deliver an enterprise risk platform more powerful than the gas industry has seen before,” Corey Capasso, CEO and founder, Urbint.

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