Shawcor acquires Kanata Electronic Services, terms not disclosed
By The Canadian Press on December 6, 2022.
TORONTO – Shawcor Ltd. says it has acquired Kanata Electronic Services Ltd., a privately owned manufacturer and supplier of specialty cable assemblies and wire harnesses for the nuclear and aerospace industries. Financial terms of the deal were not disclosed. Shawcor says the Toronto-based company will be integrated into its ShawFlex wire and cable business. Kanata president Barbara Miller says the company has been a long-standing partner to ShawFlex and looks forward to an even closer working relationship. Shawcor says Kanata serves the nuclear and spacecraft industries with custom cable assemblies. The company says Kanata generated about $3 million in revenue in the first nine months of 2022. This report by The Canadian Press was first published Dec. 6, 2022. Companies in this story: (TSX:SCL) 9-8
