Announced
Financials
Sources
Tags
United States
Acquisition
IT Services: Other
Single Bidder
Domestic
it consulting
Majority
Friendly
Pending
Private
Synopsis
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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