Montréal and Québec teams advise Poka Inc. on sale of software company
Canada | Press release - Business | June 2023
In what is a challenging business environment for tech companies, Norton Rose Fulbright's Montréal and Québec legal teams successfully advised Quebec-based Poka Inc. (Poka) on the sale of its shares to IFS World Operations AB.
“We are happy to have supported Poka in this highly successful deal,” said lead Norton Rose Fulbright Partner Emmanuel Grondin. “This is a significant transaction and a testament to the highly sought-after software Poka offers its clients. Our legal teams worked closely together as Norton Rose Fulbright supported Poka with strategic advice during this intense process that led to the decision to sell the business. In this volatile economic environment, agility and precision are crucial, and this deal was struck and executed quickly. This could only be achieved with a masterful management team supported by a dedicated external legal team and financial advisor with in-depth industry knowledge.”
The Norton Rose Fulbright team was led by Emmanuel Grondin and Julia Godolphin (M&A), with a team including Antoine Desroches (Tax), Jérôme Landry, Louis-Philippe Desjardins, Stefanie Thibert, Philippe Carignan, Charles-Antoine Renaud and Mélanie Lefebvre (M&A), Nikita Stepin and Roxanne Caron (IP, Cybersecurity and Data Privacy) and Éric Lallier (E&L). Norton Rose Fulbright is proud to have represented Poka for over a decade, from its inception to this pivotal moment, during its incredible growth story, notably with the support of Jérôme Landry and the late François Duscheneau during its key financing rounds.
“I am thrilled at the outcome of these negotiations that will help create an even stronger foundation for our business to support our clients globally. I want to thank Norton Rose Fulbright’s team of highly skilled lawyers for their excellent work and advice on this transaction and throughout our long-lasting relationship formed just after our company was created,” said Alexandre Leclerc, Co-founder and CEO of Poka.
Poka offers a unique connected worker platform, enabling companies to digitally connect their factory and equipment operations with workers so they can access real-time information on machines and procedures to enhance training and provide real-time on-the-job support. Using mobile devices, connected factory workers using Poka’s solutions can easily access digital work instructions, complete checklists, share knowledge and important production updates, and collaborate to solve problems. The software is highly popular and assists companies in cutting training costs and reducing equipment downtime.
M&A activity across Canada continues to build, with private equity firms leading the charge. Our Canadian Business Law group continues to lead the industry and support clients on high-stakes deals. Norton Rose Fulbright released a report on Global M&A trends and risks. The Poka deal reflects the reality that digital transformation and new technology attract investors even in challenging times.
“We are happy to have supported Poka in this highly successful deal,” said lead Norton Rose Fulbright Partner Emmanuel Grondin. “This is a significant transaction and a testament to the highly sought-after software Poka offers its clients. Our legal teams worked closely together as Norton Rose Fulbright supported Poka with strategic advice during this intense process that led to the decision to sell the business. In this volatile economic environment, agility and precision are crucial, and this deal was struck and executed quickly. This could only be achieved with a masterful management team supported by a dedicated external legal team and financial advisor with in-depth industry knowledge.”
The Norton Rose Fulbright team was led by Emmanuel Grondin and Julia Godolphin (M&A), with a team including Antoine Desroches (Tax), Jérôme Landry, Louis-Philippe Desjardins, Stefanie Thibert, Philippe Carignan, Charles-Antoine Renaud and Mélanie Lefebvre (M&A), Nikita Stepin and Roxanne Caron (IP, Cybersecurity and Data Privacy) and Éric Lallier (E&L). Norton Rose Fulbright is proud to have represented Poka for over a decade, from its inception to this pivotal moment, during its incredible growth story, notably with the support of Jérôme Landry and the late François Duscheneau during its key financing rounds.
“I am thrilled at the outcome of these negotiations that will help create an even stronger foundation for our business to support our clients globally. I want to thank Norton Rose Fulbright’s team of highly skilled lawyers for their excellent work and advice on this transaction and throughout our long-lasting relationship formed just after our company was created,” said Alexandre Leclerc, Co-founder and CEO of Poka.
Poka offers a unique connected worker platform, enabling companies to digitally connect their factory and equipment operations with workers so they can access real-time information on machines and procedures to enhance training and provide real-time on-the-job support. Using mobile devices, connected factory workers using Poka’s solutions can easily access digital work instructions, complete checklists, share knowledge and important production updates, and collaborate to solve problems. The software is highly popular and assists companies in cutting training costs and reducing equipment downtime.
M&A activity across Canada continues to build, with private equity firms leading the charge. Our Canadian Business Law group continues to lead the industry and support clients on high-stakes deals. Norton Rose Fulbright released a report on Global M&A trends and risks. The Poka deal reflects the reality that digital transformation and new technology attract investors even in challenging times.