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Blackline Safety Acquires Iot Expert Swift Labs To Expand Connected Worker Portfolio

Apr 04, 2022•over 3 years ago

Acquiring Company

Blackline Safety

Acquired Company

IoT Expert Swift Labs

CalgaryPublic SafetyAnalyticsSoftware

Description

Blackline Safety Corp. (TSX: BLN) ("Blackline" or "Blackline Safety"), a global leader in connected safety technology, today announced it has acquired Ontario-based Swift Labs Inc. (“Swift Labs”), an Internet of Things (IoT) design and engineering consulting firm, for $5 million in a combination of cash and shares.

Company Information

Company

Blackline Safety

Location

Calgary, Alberta, Canada

About

Blackline Safety Corp. is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed