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Announced

Completed

TELUS Communications completed the acquisition of the Canadian business of Vivint Smart Home for $105m.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

IT Services: Other

Private

Acquisition

Domestic

smart home solutions

Majority

Friendly

Canada

Completed

Synopsis

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TELUS Communications, a telecommunications company, completed the acquisition of the Canadian business of Vivint Smart Home, a smart home solutions provider, for $105m. Vivint Smart Home agreed to certain covenants, representations, warranties and indemnifications, which obligations are guaranteed by Vivint. As a result of the aforementioned sale, Vivint will cease conducting operations in Canada, except for certain obligations pursuant to a transition services agreement entered into with TELUS.

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