A Canadian wildfire-detection startup is buying a US competitor’s business amid disastrous wildfires on both sides of the border.
Vancouver-based SenseNet is acquiring the wildfire technology business of US company N5 Sensors, as the Canadian startup aims to grow its US presence. As part of the deal, all of N5’s wildfire division team will join SenseNet, as will its specialized fire sensors and client base. The deal’s financial details were not disclosed. The transaction closed in August.
By buying a US-owned company division, SenseNet is bucking a trend in Canadian tech of domestic companies getting scooped up.