# Universal mCloud to acquire Fulcrum Automation Technologies and Autopro Automation

Universal mCloud Corp. has signed a letter of intent to acquire Fulcrum Automation Technologies, which in turn will acquire Autopro Automation Consultants Ltd. The combined transaction is expected to close in July 2019.

- Type: Acquisition
- Announced: 2019-04-24
- Where: Canada
- Status: announced
- Products: asset management solutions, AI, cloud computing, industrial automation
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Universal mCloud](https://endata.com/companies/38667.md) (acquirer)
- [Fulcrum Automation Technologies](https://endata.com/companies/38994.md) (target)
- [Autopro Automation Consultants](https://endata.com/companies/38995.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/universal-mcloud-to-acquire-fulcrum-automation-technologies-and-autopro-automation-813255682.html), 2019-04-24: "Combining mCloud with Fulcrum and Autopro will let us help oil and gas providers all over the world use AI and analytics to tap into large volumes of data in the cloud at a fraction of current IT costs"
- [newswire.ca](https://www.newswire.ca/news-releases/universal-mcloud-to-acquire-fulcrum-automation-technologies-and-autopro-automation-813255682.html), 2019-04-24: "Combining mCloud with Fulcrum and Autopro will let us help oil and gas providers all over the world use AI and analytics to tap into large volumes of data in the cloud at a fraction of current IT costs"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.