WiLAN completes acquisition of IRD, changes name to Quarterhill

WiLAN has completed its acquisition of International Road Dynamics (IRD) and will begin trading on 6 June 2017 as Quarterhill, as part of its plan to transition to a growth-oriented diversified investment holding company by acquiring businesses that will operate alongside the company's intellectual property licensing business.
June 2, 2017 Read time: 1 min
8619 WiLAN has completed its acquisition of 69 International Road Dynamics (IRD) and will begin trading on 6 June 2017 as Quarterhill, as part of its plan to transition to a growth-oriented diversified investment holding company by acquiring businesses that will operate alongside the company's intellectual property licensing business.


Quarterhill has now completed two acquisitions since announcing its new strategy and now has three wholly-owned subsidiaries, IRD, VIZIYA, a software and services provider, and WiLAN.
 
As part of the transition to its acquisition-oriented growth strategy, the company has named John Varghese senior vice president, Corporate Investments to lead its acquisition team.

Classification & Data Collection

For more information on companies in this article

Related Content

  • Fujinon / Fujifilm Europe merger completed
    April 18, 2012
    Fujinon (Europe) and Fujifilm Europe have completed a merger through which Fujifilm has taken a major step towards the consolidation and integration of core business activities in Europe. Prior to that, in July 2010, Fujifilm Corporation, Tokyo, had absorbed its wholly-owned direct subsidiary Fujinon Corporation which lead to respective changes being initiated in other regions of the world.
    Read More
  • IRD announces ‘record results’ for fiscal 2015
    February 23, 2016
    International Road Dynamics (IRD has announced record financial and operating results for the three and twelve months ended 30 November 2015. The company saw net earnings increased 85 per cent to US$1.8 (CA$2.5) million, with revenue up 29 per cent to US$42 (CA$58) million on growth in key geographic markets and product segments. EBITDA rose by 58 per cent on revenue growth and strong gross margin. "We generated record results in fiscal 2015, the result of strong growth in all of our major markets a
    Read More
  • Fleet management systems in Europe expected to reach 8.9 million by 2019
    November 20, 2015
    According to a new research report from the analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in Europe was 4.40 million in the fourth quarter of 2014. Growing at a compound annual growth rate (CAGR) of 15.1 percent, this number is expected to reach 8.90 million by 2019.
    Read More
  • McCain takes on the Swarco name
    August 19, 2022
    It was in 2016 when US-based ITS supplier McCain became a part of the Swarco family.
    Read More

Highlighted Content