Firan Technology Group Corporation entered into definitive agreement to acquire Holaday Circuits, Inc. for CAD30 million on December 28, 2022. FTG will acquire 100% of Holaday for cash consideration of approximately CAD 24 million, subject to typical closing adjustments. There is also an earn out provision of up to CAD 6 million based on future performance. The closing of the acquisition is subject to approval by the Committee on Foreign Investment in the United States (CFIUS), completion of due diligence and other customary closing conditions. The companies will shortly apply for Committee on Foreign Investment in the United States approval. The closing of the transaction is expected to take place in the first quarter of 2023. In a related transaction, Firan Technology Group acquired IMI Inc. Wipfli Corporate Finance Advisors, LLC acted as exclusive financial advisor and Messerli Kramer acted as legal advisor to Holaday in connection with the sale.


Firan Technology Group Corporation completed the acquisition of Holaday Circuits, Inc. on April 28, 2023.