6.7.2015

Carmanah Technologies Corporation – Acquisition of Sabik

We represented Carmanah Technologies Corporation in its acquisition of the Sabik group of companies, which included Oy Sabik Ab (Finland), Sabik GmbH (Germany), Sabik PTE Ltd (Singapore), Sabik Ltd (United Kingdom) and Sabik Offshore Ltd (United Kingdom). The acquisition was completed on 2 July 2015.

Sabik is one of the world’s leading manufacturers of visual aids and signal systems for traffic, including waterways, roads and railways. Sabik’s operations are headquartered at Sabik Oy in Porvoo, Finland.

Canadian Carmanah Technologies Corporation is a leading provider of stand-alone solar-powered LED lights and beacons and solar power systems for industrial applications worldwide. The company is listed on the Toronto Stock Exchange (TSX: CMH).