KNRLF - Kontrol Technologies to acquire a building solutions company

Kontrol Technologies (KNRLF) to acquire all of the issued and outstanding shares of a leading building solutions company.The acquisition company provides integrated installations of complex heating, cooling, ventilation and building automation systems.The acquisition company had audited revenues of $43M for fiscal year 2020 and a contracted order book of  ~$120M for next 3 years"We have identified potential opportunities to grow the Acquisition Company's EBITDA margins by changing its revenue mix through the addition of recurring revenues over time. This serves as a prime example of our target acquisition profile and we look forward to realizing the strong synergies resulting from the transaction, ultimately to generate sustainable value for our shareholders." said Paul Ghezzi, CEO.

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Kontrol Technologies to acquire a building solutions company