Universal mCloud Corp. (TSXV:MCLD) (OTCQB:MCLDF) got one step closer to acquiring Fulcrum Automation Technologies and Autopro Automation when it was granted conditional approval from the TSX Venture Exchange Monday morning.
The acquisition, which was first announced on April 24, 2019, will add $35 million CAD to Universal mCloud’s 2019 revenue and $5.5 million CAD in EBITDA and will allow the company to expand the footprint of its AssetCare™ platform.
By acquiring Fulcrum and Autopro, the company will be adding a number of major oil and gas customers along with industry-specific expertise to drive the ...
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