DENVER, Colo., March 29, 2019- (24/7MarketNews via COMTEX) Venture Market News for March 29, 2019.
- MSA Safety to Acquire Industrial Internet of Things Solution Provider Sierra Monitor Corporation
- Transaction valued at approximately $33 million; about 1.5 times revenue on a trailing twelve-month basis
- Expected EBITDA multiple of 7x on a next-twelve-month basis, driven primarily by elimination of Sierra Monitor public company costs
- Expected to be accretive to earnings in 2019
PITTSBURGH, March 29, 2019 /PRNewswire/ -- Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today announced that it has entered into a definitive agreement to acquire California-based Sierra Monitor Corporation (OTCQB: SRMC) in an all-cash transaction valued at approximately $33 million. The acquisition accelerates MSA's strategy to enhance worker safety through the use of cloud technology and wireless connectivity, while supplementing the company's organic investments in software-as-a-service applications, including its recently established Safety io™ subsidiary.
- Mentor Capital Reports 66% 2018 Revenue Increase in 10-K
-Annual 10-K Filing for Marijuana and Cannabis M&A Company
SAN DIEGO, Mentor Capital, Inc. (OTCQX: MNTR) announced that it had filed its annual 10-K filing for the year December 31, 2018, with the Securities and Exchange Commission.
- Universal mCloud to Release Full Year 2018 Operating Results and Acquisition Strategy Update
-Fiscal 2018 Operating Results Press Release and Conference Call on April 24, 2019
-Strategy and Reporting Update for All Acquisition Targets Disclosed in 2018
VANCOUVER, March 28, 2019 /CNW/ - Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI"), and analytics, is pleased to announce that it expects to issue a press release on April 24, 2019 to update the market on its 2018 fiscal year end audited operating results. Following the close of markets on April 24, 2019, the Company will host a conference call with analysts and investors. Dial-in information will be provided in a subsequent release.
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