Corporate Finance in Atlantic Canada

Commentary on corporate finance issues for small- & mid-market private companies in Atlantic Canada

Archive for August 2016

CarteNav sold to EIC

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http://www.stockhouse.com/news/press-releases/2016/08/08/exchange-income-corporation-completes-acquisition-of-cartenav-solutions

Halifax’s CarteNav Solutions has been acquired by Winnipeg-based Exchange Income Corporation (“EIC”).

According to the news release, the purchase price was up to $17 mil including an earnout.  CarteNav’s intelligence, surveillance & reconnaissance software should be a good fit with Provincial Aerospace, the St. John’s-based maritime surveillance firm that EIC acquired last year.

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Written by Dan Jennings

August 8, 2016 at 11:45 am

Posted in Announced Transactions

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