CANADA > Japan based YO! Sushi announces its acquisition of Canada based Bento Sushi for CAN $ 100 million ($78.2 million)

Yo sushi logo Bento Sushi has been acquired by YO! Sushi, the iconic Japanese restaurant group, for CAN $100 ($78.2 million) which has been facilitated by Mayfair Equity Partners who partnered with the YO! Management team in 2015. Bento Sushi is the second largest sushi brand in North America was founded in Toronto, Canada in 1996 by Ken Valvur. Bento has over 600 More …

CANADA > France based Neovia S.A.S to acquire Canada based Epicore BioNetworks Inc.

Epicore logo Neovia S.A.S and Epicore BioNetworks have entered into an agreement dated October 13, 2017 in which Neovia is set to acquire all of the issued and outstanding shares of Epicore on a fully- diluted basis for a price per share Canadian Dollar 1.30 ($1.02) approximately valuing Epicore at Canadian Dollar $35.6 million ($27.89 million) representing a premium of Epicore shares More …

CANADA > Facebook expands AI research and engineering lab in Montreal, Canada

facebook- logo photoshopped Facebook has announced to open up a new AI research lab in Montreal that will create more than 100 jobs for scientists across different locations. The team of scientist will be led by the renowned Professor Joelle Pineau, co-director of the Reasoning and Learning Lab at McGill University and will be working on a wide range of ambitious AI research More …

CANADA > Sweden based IKEA to Establish Customer Distribution Center in British Columbia Creating 100 New Jobs

1280px-Ikea_logo.svg Swedish home furnishing retailer -IKEA – is set to open a 340,000 square foot customer distribution center in Richmond, British Columbia (Vancouver metro area) in April of 2018. The investment will create approximately 100 new jobs. According to IKEA’s press release, IKEA Canada plans to double in size by 2025. A new store is slated to open this (2017) fall More …

CANADA > China’s Niutech Environment Technology Corporation to invest $15Mn in Canada

Untitled China based Environmental Technology Company-Niutech to invest $15 million in Chatham-Kent, Canada. The investment is also expected to create around 50 jobs. Niutech Environment Technology Corporation with the investment is expected to set up a manufacturing plant along with a R&D Centre.   About Niutech Environment Technology Corporation Niutech was founded in 1980s with its headquarter in Jinan, Shandong Province More …

CANADA > China’s Huawei to invest $212Mn in Canada with Ontario Government as partner in “5G Ontario” project

Huawei.svg China based networking and telecommunications equipment and services Company-Huawei is set to invest $212 million in partnership with the Government of Ontario on “5G Ontario” Project. The government of Ontario will be investing $16 million on the project. The investment by Huawei is supposed to create 250 new jobs for R&D in the province. Based on Huawei’s press release, the plan of More …

CANADA > France based L’Oréal to acquire CeraVe, AcneFree and AMBI Skincare Brands from Valeant Pharmaceuticals for $1.3 billion

800px-L'Oréal_logo.svg France based L’Oréal to acquire CeraVe, AcneFree and AMBI Skincare Brands from Valeant Pharmaceuticals for $1.3 billion in all cash deal. After the deal Valeant CEO Joseph C. Papa said “We are pleased to close this transaction with L’Oréal, and further our progress to pay down debt.”   About Valeant Pharmaceuticals Valeant Pharmaceuticals is a multinational specialty pharmaceutical company based in Laval, Quebec, More …

CANADA > PayPal to acquire TIO Networks for $233Mn

PayPal.svg USA based PayPal to acquire Canada based bill payment management company TIO Networks for $233 million. The all-cash deal is expected to close in late 2017. TIO last year alone served some 14 Million customers through its 65,000 retail locations and online. PayPal is expected to pay $2.56 per share for the acquisition.   About TIO NetworksTIO Networks is an More …