CarteNav sold to EIC

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.