Kraken dives deeper into defence with $615-million Covelya Group acquisition
Acquisition would create a larger subsea player spanning defence and commercial markets.
Acquisitions
Court filings reveal Sheertex maker’s steep losses ahead of insolvency
While tariffs helped bring the apparel innovator down, SRTX was already struggling to scale.
Sheertex maker will be sold to fellow Québec hosiery company AYK
SRTX once employed 350 people. If the sale is approved, fewer than 10 will remain.
Apple strikes deal to acquire Canadian database software startup Kuzu
US tech giant confirmed the October 2025 deal in a disclosure to the EU.
Trust Science acquires Lenders API to build fraud defence system for lenders
Edmonton FinTech plans to integrate Toronto company’s solution into its decision-management infrastructure.
Elevate Farms acquires Fieldless Farms to create “Canadian food powerhouse”
Deal combines two startups growing leafy greens with indoor farming technologies.
Vena moves into “orchestrated” financial planning with Acterys acquisition
Acterys CEO claims deal combines “the best of both worlds” across finance and IT.
US-based welding tech company ESAB to buy Eddyfi for $1.45 billion USD
ESAB makes “firm commitments” to keep Eddyfi workers and head office in Québec.
Years after selling Inkbox to BIC, the brothers who founded it can’t watch it die
Handley brothers hope to buy back their semi-permanent tattoo brand after its sudden shutdown.
Teamworks, the “operating system for sports,” buys hockey analytics platform Sportlogiq
Sportlogiq says its platform is used by 97 percent of NHL teams, and serves more than 220 clients worldwide.
Docebo deepens AI capabilities with $55-million USD 365Talents acquisition
Docebo supports how employees build skills, 365Talents helps organizations apply them.
Here’s what’s actually driving Canada’s M&A market
Fasken’s Exit InSights study rethinks the conventional wisdom on Canadian tech exits.
YC alum DevCycle bought by Dynatrace to help developers move fast, but hopefully not break things
Combined platform to help devs push smooth updates as software and AI-native applications become more complex.
Portage strikes deal to manage Point72 Ventures FinTech assets in Steve Cohen and Goldman Sachs-backed fund
Power Corp.’s FinTech investment arm makes first formal foray into secondary investments.
Polygon buys blockchain startup Sequence to power its stablecoin push
Sequence’s modular crypto infrastructure will support payments platform powering Stripe and Polymarket.