Howard Johnson
Head of Canadian M&A Advisory and Country Leader
M&A Advisory
Toronto
Howard JohnsonContact Us
International Road Dynamics Inc. ("IRD" or the "Company") has been acquired by Wi-Lan Inc. ("Wi-Lan"). On April 17, 2017, it was announced that the two companies entered into an agreement for Wi-Lan to acquire all of the issued and outstanding shares of IRD for C$4.25 per share, representing a 35% premium to IRD's 90-day volume-weighted average trading price. The transaction closed on June 1, 2017.
Duff & Phelps served as an independent financial advisor to the board of directors of International Road Dynamics Inc. and provided a fairness opinion in connection with the transaction.
About International Road Dynamics Inc.
IRD is a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems industry. IRD is a North American company based in Saskatoon, Saskatchewan Canada with sales and service offices throughout the United States and overseas. Private corporations, transportation agencies and highway authorities around the world use IRD's products and advanced systems to manage and protect their highway infrastructures.
About Wi-Lan
Wi-Lan is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. Wi-LAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. Wi-LAN has announced plans to change its name to Quarterhill Inc. ("Quarterhill") in the second quarter of 2017 after which, Wi-LAN, the patent licensing business, will become a subsidiary of Quarterhill. Founded in 1992, Wi-LAN is listed on the TSX and NASDAQ.
Other Areas We Can Help
Corporate Finance
Comprehensive support throughout mergers and acquisitions and other corporate finance transactions.
Fairness Opinions
High quality financial advice and opinions that withstand the most rigorous scrutiny.
Valuation Services
Valuation and asset appraisal for financial reporting, income tax, investment and risk management purposes.
M&A Advisory
Middle-market M&A advisory differentiated by industry expertise and superior execution.
Transaction Advisory Services
Enable buyers, sellers and lenders to maximize value throughout the transaction process.
Related Case Studies
Financial Advisor
Duff & Phelps, A Kroll Business, Advised the Executive and Supervisory Boards of SAP SE on SAP's Financial Services Partnership with Dediq
forms financial services partnership with
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised HEB Swiss Investment on Its Divestment of a Minority Stake in Cicor Group to One Equity Partners
Sale of 29.3% stake in
to
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised LDC on Its Sale of Magicard Holdings Limited to Brady Corporation
a portfolio company of
has been acquired by
Fairness Opinion
Duff & Phelps Provided a Fairness Opinion to the Board of Directors of Chiasma, Inc. on Its Sale to Amryt Pharma plc
has signed a definitive merger agreement to be acquired by
Sell Side Advisor
Duff & Phelps’ Aerospace Defense and Government Services M&A Practice Advised Birken Manufacturing on Its Sale to Enjet Aero
has been acquired by
Sell Side Advisor
Duff & Phelps, A Kroll Business, Advised ETAK Systems LLC on Its Sale to ADB Companies, LLC
has been acquired by
