“Joining Vancouver-based Canexia Health Inc. with Montreal Imaging Cybernetics Inc. is about” finding the right people at the right time and in the right place, “says Geralin Ochab.
The new CEO of Integrated Life Sciences, Imagia Cannesia Health Inc., described this month’s agreement as a “equitable merger” between Canadian companies investing $ 20 million in investing in genomics-based cancer screening. Artificial intelligence to better understand health information.
Cannexia integration is by no means a slowdown for the BC technology sector, experts say, adding that the growing macroeconomic pressures will serve as a major impetus for the recent M&A movement.
“The activity is now huge, but not limited to BC,” said David Rafa, president of Valeo Corporate Financial Limited.
Last month’s M&A activity was D-Wave Systems Inc. After signing an agreement with a privately owned company, Unicorn presented another technology ecosystem to BC – preferably SPAC – DPCM Capital Inc. (NYSE: XPOA) Two entities will fall under the shadow of a newly formed parent company, DD Wave Quantum Inc.
D-Wave Systems, the first quantum computing company in Bernabeu, received $ 1.2 billion as a result of the deal.
The new parent company will receive $ 300 million from DPCM Trust Account and $ 40 million from Private Investment in Public Equity (PIPE) from Strategic and Institutional Investors Group.
After the deal is finalized, the new company will be trading on the NYSE with the QBTS logo.
“Tech has been in tears for the past two years and as seen in recent Nasdaq correction on major technology stocks, [is] Reaching the extreme heat, ”said Rafa.
“It simply came to our notice then [spurred] In finance and M&A activities, buyers and investors want to drive the storm and get in before the speculation.
The Covide-19 Omicron variant is slightly lighter than previous variants, indicating that businesses are more confident in controlling the epidemic.
Meanwhile, central banks say inflation is imminent, “which makes debt more expensive – it has been incredibly cheap over the past several years,” Rafa said.
This makes purchasing with debt more expensive. If interest rates rise sharply, this is unlikely to slow down not only the real estate market but also the M&A market.
Another epidemic, Unicorn Trulio Information Service Encryption, acquired Danish technology company Hello Flows this month. Trulio declined to comment on the value of the deal, but Globe and Mail reported it was worth $ 50 million.
And Seri-based FinancialCalcad Corporation – also known as Finkad – bought a similar deal with Fintech’s Zafin Labs Americas Inc. in Canada late last month, according to media reports.
Meanwhile, January Crosby and Company Inc. Report BC confirms 147 M&A agreements in the fourth quarter of 2021. That’s second only to Ontario (247 discounts), but BC deals cost $ 11.3 billion – more than double the $ 5.3 billion Ontario.
The technology sector holds the largest M&A activity in the country, with 140 agreements with secondary industries and 132 agreements in the same period.
Colin Walker, Managing Director of Crosbie & Company, said the activity in 2021 was at a record high and “it is not surprising that there is good activity in early 2022.”
“Often there is symbiosis between targets and large technology companies such as targets and large companies as buyers. These technology targets bring IP and growth potential, which can be used by developers,” he said in an email.
“As a result, these [types] Targets are attractive, and in some cases, may be more valuable to the buyer than being an independent entity. Buyers may, in some cases, have better access to capital and perhaps lower capital value. These are good resources for M&A.