Latest acquisition is largest M&A deal in Kanata company's 39-year history.
Kanata firm reported revenues of $116.2 million for the three-month period ending Dec. 31, 2020, up 17 per cent from a year earlier.
'The technology is there, the innovation is there, the customer success is there. Now it’s a matter of telling that story publicly.'
Kanata firm paid $13 million up front for InterTronic, which employs about a dozen people and specializes in ground satellite technology for customers in the aerospace and defence sectors.
Despite pandemic-fuelled economic uncertainty, Kanata-based firm managed to post yearly gains in three of its four main service lines.
Ottawa-based company said Monday it’s closed a $2-million deal to buy Cadence Consultancy, an organization that designs and delivers training exercises for NATO.
Ten-year-old Ottawa firm makes satellite antennas as small as a human hand for clients in the autonomous vehicle, precision agriculture and other sectors.
Kanata firm continued to rewrite its corporate record book, posting year-over-year sales gains in three of its four main service lines en route to hitting another all-time high in quarterly revenues.
A growing number of local tech execs say they’re looking at options such as four-day weeks in a bid to help employees maintain better work-life balance.
Latest transaction comes just days after Kanata company closed deal to buy a Norway-based military training enterprise.