Announced
Completed
Financials
Tags
Single Bidder
IT Services: Other
Private
Acquisition
Domestic
smart home solutions
Majority
Friendly
Canada
Completed
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.