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.
Location
Ontario, Canada
Transaction Type
Buyout

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