Under the terms of the agreement, consideration payable to TeraGo Inc. will consist of C$30 million, to be funded from existing cash on the Company’s balance sheet. Hut 8 will retain substantially all current Data Center Business employees. The transaction has been approved by the board of directors of Hut 8 and TeraGo and is expected to close in the first quarter of 2022.

Mergers & Acquisitions (page 2)
inTEST to Add Electronic Circuit and Electric Vehicle Battery Testing Capabilities with Planned Acquisition of Markham Headquartered Acculogic
inTEST Corporation has entered into a definitive agreement to acquire Acculogic Inc. and its affiliates.
Markham-Based Xplornet Expands its Fibre-to-the-Premise Network in Rural Ontario with Purchase of Brant Fibre Optics
Xplornet Communications Inc., announced the closing of an agreement to acquire fibre assets from Brant Fibre Optics.
Vaughan Headquartered Andlauer Healthcare Group to Acquire Boyle Transportation and Remaining 51% of Skelton USA
AHG is a leading and growing supply chain management company offering a robust platform of customized third-party logistics (“3PL”) and specialized transportation solutions for the healthcare sector. The Company’s 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada.
Vaughan Headquartered GFL Environmental Announces Pair of U.S. Acquisitions
Waste management company GFL Environmental Inc. has announced a pair of acquisitions in the United States.
Richmond Hill Headquartered FlexITy Acquires the Managed IT Business Services Division of Rally Enterprises
FlexITy announced its acquisition of the Managed IT Business Services division of Rally Enterprises, the first in a number of planned purchases that are part of FlexITy’s focused acquisition strategy.
Aurora Headquartered IEWC Acquires U.S. Based Cablcon
This acquisition of CABLCON, in addition to our acquisition of telecom supplier Jupiter Communications last year, reinforces IEWC’s commitment to become a leading connectivity solutions provider for telecom companies and data centres throughout the world, with a focus on North America.
Richmond Hill-based StageZero Life Sciences Acquires Care Oncology Clinics
This acquisition expands StageZero’s clinical offerings, including access to a robust network of oncologists and physicians across the U.S.
“This transformative acquisition unlocks a number of near-term opportunities and access to additional lucrative market verticals,” said StageZero Life Sciences Chairman & CEO James Howard-Tripp.
“This transformative acquisition unlocks a number of near-term opportunities and access to additional lucrative market verticals,” said StageZero Life Sciences Chairman & CEO James Howard-Tripp.
Markham Headquartered LMN Adds to Growing Platform with Acquisition of Greenius
Together, Greenius and LMN will create the green industry’s first fully integrated system offering end-to-end training together with comprehensive business management software, providing landscaping business owners everything they need in one system. Greenius will also continue to be provided as a stand-alone offering to customers.
Newmarket Headquartered AirBoss Strengthens North American Rubber Compounding Positioning Through Acquisition of Ace Elastomer
Ace provides design, formulation development, and custom mixing of proprietary elastomer compounds across the natural and synthetic polymer range. Ace offers a full range of custom mix compounds for many industries including the roller, belting, and printing industries and for custom molding and extrusion applications.
The Best Built Robot in the World, Siemens Enhances the HCI, and New Career Opportunities: York Region Tech Makes a Big Impact
Major tech announcements coming from York Region-based companies this spring are no surprise as tech companies here continue to thrive in Canada’s second largest tech hub!
Markham Headquartered Enghouse Systems Acquires Momindum SAS
Momindum’s next-gen Enterprise platform allows users to manage, broadcast and augment videos with any type of media. These include in-video hyperlinks, documents, subtitles, chapters and interactive elements such as quizzes and calls to action.
Markham Headquartered Enghouse Systems Acquires Amsterdam-based Nebu BV
“Nebu enhances our market research solutions and increases our footprint to better serve new and existing customers,” said Steve Sadler, Chairman & CEO of Enghouse.” “We also see an opportunity to combine surveying and community technologies with our AI capabilities to help our customers to gain insights into the voice of the customer. We are very pleased to welcome Nebu’s customers and employees to Enghouse.”
ENERGI Fenestration Solutions USA Operations, Acquired by Vaughan Headquartered The Vision Group
The Vision Group, headquartered in Woodbridge, Ontario, is a customer-focused, technology-driven group of companies focused on the building products industry. Vision’s products include an array of applications, including custom window and door profiles, patio doors, railings, columns, fencing, and transportation.
Markham Headquartered Digitcom Acquires Quebec-based 6Telecom
“Digitcom is a leading independent Canadian digital service provider. The addition of the 6Telecom team deepens our bench, extends our reach, and brings bilingualism to our culture” said Boris Koechlin, President of Digitcom. “Our national coverage combined with an industry-leading portfolio of cloud communications and collaboration solutions is unique in the Canadian market.”
Richmond Hill Headquartered Carbon60 Accelerates Digital Transformation Capabilities with Acquisition of OpsGuru
OpsGuru strengthens Carbon60’s ability to provide enterprise and public sector customers with infrastructure agility, security and seamless transitions to the cloud, along with 24/7 white-glove managed services.
Richmond Hill Headquartered SolidCAD Acquires LANDRYTEK Inc.
This acquisition celebrates another exciting achievement that will expand SolidCAD’s technical specialist team, expertise and services for Autodesk’s advanced manufacturing solutions such as Fusion 360, FeatureCAM, PowerMill, PowerShape and PowerInspect.
Vaughan Headquartered Martinrea International Inc. Announces Joint Venture With NanoXplore to Develop Electric Vehicle Batteries Enhanced With Graphene
Vaughan headquartered Martinrea International Inc. announces joint venture with NanoXplore to develop electric vehicle batteries enhanced With graphene
Richmond Hill Headquartered Facedrive Acquires EcoCRED, a Wholly-owned Subsidiary of Exelon
Facedrive Inc., a Canadian “people-and-planet first” tech ecosystem completed the acquisition of 100% of the ownership of EcoCRED, a wholly-owned subsidiary of Exelon, a Fortune 100 company and the largest producer of clean energy in the United States.
Markham Headquartered Jonas Software Acquires Omniterm Data Technology Ltd.
Jonas Software is pleased to announce the acquisition of Omniterm Data Technology Ltd.
H.I.G. Capital closes US $172M acquisition of Markham Headquartered SMTC Corporation
H.I.G. Capital has completed previously announced acquisition of SMTC Corporation (NASDAQ: SMTX) for US $6.044 in cash for aggregate consideration of approximately US $172 million. SMTC Corporation’s common stock (SMTX) will cease trading on the Nasdaq exchange.
Combat Networks Announces the Acquisition of Richmond Hill-Based Duologik and GDL Solutions
Combat Networks Inc. announced today that it has acquired Duologik and GDL, two privately held IT Solution Providers based in Richmond Hill.
Jack Nathan Health Completes Acquisition of Flagship Location in Vaughan
Jack Nathan Medical Corp., announced the acquisition of its 8172 sq. ft flagship medical clinic located in Vaughan.
Vaughan Headquartered GFL to Buy Ontario Waste Management Firm Terrapure Environmental for $927.5 Million
GFL Environmental Inc. says it has reached an agreement to acquire fellow Ontario waste management firm Terrapure Environmental Ltd. for $927.5 million.
Markham Headquartered LMN Acquires Slice Technologies
Markham, Ontario headquartered LMN, a business-to-business landscape business management software company, acquired Slice Technologies.
Vaughan Headquartered York Group of Companies Acquires MCS Group
York Group of Companies, a leading provider of environmental and infrastructure services in Ontario, has acquired Toronto-based MCS Group.
Markham Headquartered Dealer-FX Acquired by Snap-on
Snap-on Incorporated, a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks, today announced that it has acquired Dealer-FX Group, Inc., based in Markham, Ontario, for approximately $200 million in cash.
Vaughan Headquartered Empire Communities Acquires North Carolina Builder
Vaughan, Ontario, Feb. 02, 2021 (GLOBE NEWSWIRE) — Empire Communities, one of North America’s largest privately held homebuilders, has acquired Shea Homes North Carolina, expanding its growing U.S. presence to include Charlotte, one of the fastest growing cities in America…
2020 Look Back: Our Top 15 York Region Business Community News Stories
2020 was a challenging year for the business community, but there were still moments worth celebrating. Check out our Top 15 list.