Blackline Safety Acquires Swift Labs
March 31, 2022
Blackline Safety Corp. acquired Ontario-based IoT design and engineering consultancy Swift Labs Inc. for total consideration of $5 million (cash and shares), with the transaction closing on March 31, 2022. The acquisition expands Blackline's product development capacity and brings Swift Labs' IoT, wireless and embedded systems expertise into Blackline's connected worker portfolio.
- Buyers
- Blackline Safety Corp.
- Targets
- Swift Labs Inc.
- Industry
- Engineering Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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