Acquisition roundup: Nimonik, Averna both acquire competitors


Some familiar names in the Montreal tech ecosystem are surfacing after two Montreal-based companies recently acquired competitors.

Jonathan Brun, CEO, Nimonik

Nimonik, a creator of mobile apps for environmental, health and safety legal compliance, has acquired Etobicoke-based Conformance Check inc. Conformance Check is a twenty year veteran of legal compliance regulatory analysis.

Nimonik’s CEO is Jonathan Brun, who formerly ran Mile End’s StationC. Many look at StationC as the first coworking space that surfaced in Montreal.

After three years of collaboration, Conformance Check and their clients will join Nimonik to help grow NimonikApp.com and its mobile apps on iOS and Android.

“This acquisition will allow Nimonik to offer a fully integrated compliance solution with both regulatory content and cutting edge technology to companies in Canada and the United States,” said Brun.

Nimonik’s solutions offer access and updates to regulatory requirements, industry best practices and international standards. Its software can track, monitor and report on compliance performance. Nimonik’s clients include L’Oréal, Glencore Mining, FedEx and other Fortune 500 companies to ensure EHSQ compliance. Nimonik will pick up clients from Conformance Check Inc., like TransCanada, Imperial Oil and SNC Lavalin.

Meanwhile, Averna, a developer of test solutions and services for communications and electronics device-makers, acquired Belgium-based Test & Measurement Solutions. Averna’s former CEO, Pascal Pilon, is now CEO at professional audio mastering startup Landr Music. He’s also the president of YUL Ventures, a seed and growth oriented investment fund for technology companies. Pilon joined Landr through Montreal’s TandemLaunch, a turn-key accelerator for multi-media consumer electronics innovation, technology transfer investor.

At Averna’s Mexico office.

Both of Averna’s main shareholders, Tandem Expansion and Caisse de dépôt et placement du Québec (CDPQ), participated in the financing of the acquisition.

T&M Solutions develops multidisciplinary solutions to test, measure, inspect, assemble and validate products in nearly all segments of the production industry. With offices in Belgium, Holland and Poland, the company has 100 employees, including 70 engineers.

They also bring unique expertise in semiconductor testing, vision inspection systems and precision assembly to complement Averna’s existing solutions and industry strengths.

The acquisition will clearly signal an entry into the European market for Averna.

“Test & Measurement Solutions and Averna share complementary solution portfolios, clients and partners, so this is a real win-win arrangement for everyone,” said Averna’s VP of sales and marketing, François Rainville.

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