# Universal mCloud to acquire Fulcrum Automation Technologies and Autopro Automation

Universal mCloud Corp. has signed a final binding definitive agreement to acquire Fulcrum Automation Technologies and Autopro Automation Consultants. The total consideration is C$18 million in cash plus 60 million mCloud shares, valued at approximately C$40.2 million.

- Type: Acquisition
- Announced: 2019-06-12
- Where: Canada
- Value: $30.0M (40.2M CAD)
- Status: announced
- Products: asset management solutions, industrial process 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)
- [Autopro Automation](https://endata.com/companies/40556.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/universal-mcloud-signs-final-binding-definitive-agreement-to-acquire-fulcrum-automation-technologies-and-autopro-automation-829177947.html), 2019-06-12: "With the signing of this definitive agreement, we look forward to bringing the talent at Autopro together with the talent at mCloud."
- [offshore-technology.com](https://www.offshore-technology.com/news/universal-mcloud-acquires-fulcrum-autopro/), 2019-07-10: "With Autopro’s deep domain expertise and reach in industrial process automation, our integrated portfolio of IoT, AI, 3D, and mobile capabilities will let us connect field assets at every stage of production and refinement."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/universal-mcloud-completes-acquisitions-of-fulcrum-automation-technologies-and-autopro-automation-867016634.html), 2019-07-11: "Universal mCloud Corp. today announced the completion of its acquisition of Fulcrum Automation Technologies and subsequently, Autopro Automation Consultants."

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