# Firan Technology Group to acquire FLYHT Aerospace Solutions

Firan Technology Group Corporation entered into an agreement to acquire all shares of FLYHT Aerospace Solutions Ltd. The consideration implies a price of CAD 0.3379 per share, a 41% premium, with a total maximum cash consideration of CAD 4.3 million and 1.3 million FTG shares.

- Type: Acquisition
- Announced: 2024-10-21
- Where: Calgary, Alberta, Canada
- Value: $9.60M (4.30M CAD)
- Status: announced
- Products: satcom product, aerospace aftermarket products
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Firan Technology Group Corporation](https://endata.com/companies/16031.md) (acquirer)
- [FLYHT Aerospace Solutions Ltd.](https://endata.com/companies/51272.md) (target)

## Sources

- [ftgcorp.com](https://www.ftgcorp.com/news/firan-technology-group-corporation-to-acquire-flyht-aerospace-solutions-ltd/), 2024-10-21: "The acquisition of FLYHT aligns almost perfectly with our corporate development objectives."
- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/aerospace-and-defense/flyht-enters-into-definitive-agreement-to-be-acquired-by-firan-technology-grou-934015), 2024-10-21: "The acquisition of FLYHT aligns almost perfectly with our corporate development objectives."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/10/21/2966556/0/en/Firan-Technology-Group-Corporation-to-Acquire-FLYHT-Aerospace-Solutions-Ltd.html), 2024-10-21: "The acquisition of FLYHT aligns almost perfectly with our corporate development objectives."
- [stocktitan.net](https://www.stocktitan.net/news/FLYLF/flyht-sends-management-information-circular-for-special-meeting-of-1e0b1a95u18f.html), 2024-11-25: "The board unanimously recommends shareholders vote FOR the arrangement."

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