Windstream Wolfe Island Shoals said it has signed a binding agreement with Siemens to supply as many as 130 turbines for a 300 MW offshore wind power project on Lake Ontario. The turbine blades will be manufactured at Siemens’ factory in Tillsonburg, Ontario, the company said.
Read more : Windstream Wolfe Island orders up to 130 Siemens wind turbines
Xerox Corp., a Conn.-based printing company, acquired LaserNetworks, an Oakville, Ont.-based provider of managed print services. Although financial terms of the transaction were not disclosed, Industry Canada filings note LaserNetworks has annual revenues ranging between $10-million and $25-million, suggesting the final price tag would be above the high end of that range. Since being founded in 1987, LaserNetworks has been named Profit Magazine’s fastest growing company three times and currently has 189 employees. Under the terms of the deal, founder Chris Stoate will continue to lead the company as the top executive of a Xerox Canada subsidiary.
Read more : Xerox acquires Oakville’s LaserNetworks
Alexion Pharmaceuticals agreed to acquire closely held Montreal’s Enobia Pharma Corp. for as much as $1.08 billion, adding experimental treatments for genetic metabolic disorders. Alexion will pay $610 million in cash upfront for Enobia, and as much as $470 million in addition if certain regulatory and sales goals are achieved, the Connecticut-based company said. The companies said they expect the deal to close in the first quarter of 2012.
Read more : Alexion to acquire Enobia Pharma for up to $1.08B
The work of McGill University computer science professor Jérôme Waldispuhl is allowing video game players to advance science’s understanding of the genetic basis of such illnesses as Alzheimer’s disease, diabetes and cancer. The Web-based video game that Waldispuhl’s team has designed, called Phylo, allows players to contribute to scientific research by arranging sequences of coloured blocks that represent DNA. These DNA sequences provide researchers with insight into genetically based diseases. Waldispuhl started about a year ago and has had more than 500,000 visits to the website and has provided a huge pool of about 350,000 solutions to help improve the alignment for 521 genes
Read more : Video game players helping advance genetic research
Toyota Tsusho Corp. (TTC), the trading unit of Asia’s largest auto maker, has agreed to buy all of Montreal-based Matamec Explorations’s output from its Kipawa mine deposit in the Témiscamingue region of Quebec. The non-binding deal between TTC and Matamec is conditional on conclusive results from a feasibility study of the economics of the Kipawa project. TTC is paying $17.5 million for its position, which will give it a supply of metals needed for its hybrid and electric vehicles.
Read more : Toyota teams up with Quebec miner in rare-earth minerals deal
McKesson Canada, a subsidiary of U.S.-based McKesson Corporation, is investing $25 million into a distribution business in Moncton, N.B., that will serve the Maritime region. McKesson Canada is moving to a new distribution centre in Moncton’s Caledonia Industrial Park, where it will employ 90 people. The new centre will hire 40 new workers on top of the 50 existing employees the company had at its previous facility. The company says its distribution centres supply 40% of the medicines used in Canada to 6,300 retail pharmacies and 1,350 hospitals, clinics and institutions.
Read more : McKesson confirms $25M centre in Moncton
Radio frequency products manufacturer Mitec Telecom has agreed to a reverse takeover by Israel-based Optiway, the Montreal company said. Mitec shareholders will own between 30% and 40% of the combined company. Financial details weren’t provided. Mitec is looking for growth opportunities to exploit its infrastructure and background knowledge in wireless technology, Mandel said. The agreement still requires shareholder and regulatory approvals in both Canada and Israel.
Read more : Mitec Telecom agrees to reverse takeover by Israel-based Optiway
Canadian technology to help manage mobile phone bill shock has attracted attention from a major U.S. software firm. Anomalous Networks, a Montreal-based provider of real-time telecom expense management software, was purchased by Tangoe. Financial terms of the deal were not disclosed, although a regulatory filing made by the Connecticut-based acquirer said the offer included a combination of cash and stock worth approximately US$9 million. Anomalous offers a free app for consumers as well as a paid version for businesses.
Read more : Montreal firm with technology to manage cellphone bills sells for $9M
Xerox Corp., a Conn.-based printing company, acquired LaserNetworks, an Oakville, Ont.-based provider of managed print services. Although financial terms of the transaction were not disclosed, Industry Canada filings note LaserNetworks has annual revenues ranging between $10-million and $25-million, suggesting the final price tag would be above the high end of that range. Since being founded in 1987, LaserNetworks has been named Profit Magazine’s fastest growing company three times and currently has 189 employees. Under the terms of the deal, founder Chris Stoate will continue to lead the company as the top executive of a Xerox Canada subsidiary.
Read more : Xerox acquires Oakville’s LaserNetworks
Windstream Wolfe Island Shoals said it has signed a binding agreement with Siemens to supply as many as 130 turbines for a 300 MW offshore wind power project on Lake Ontario. The turbine blades will be manufactured at Siemens’ factory in Tillsonburg, Ontario, the company said.
Read more : Windstream Wolfe Island orders up to 130 Siemens wind turbines