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New Deal


Announced

Gensource Potash to acquire Innovare Technologies for $12m.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

IT Services: Other

Single Bidder

Domestic

it consulting

Majority

Friendly

Pending

Private

Synopsis

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Gensource Potash, a fertilizer development company, agreed to acquire Innovare Technologies, an IT consulting services provider, for $12m. “Gensource’s acquisition of Innovare’s shares and the integration of Innovare’s business with our own will provide Gensource with exclusive use and control of Innovare’s unique and highly sought-after selective solution mining and brine processing technology for potash development, without which the environmental benefits of modern potash production would be extremely challenging to replicate,” Mike Ferguson, Gensource President & CEO.

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