Civiq Smartscapes, which is owned by JMC Capital Partners, has acquired Toronto-based Vertigo Digital Displays, a producer of ruggedized integrated digital display solutions. No financial terms were disclosed.
NEW YORK, May 31, 2016 /PRNewswire/ — CIVIQ Smartscapes today announced the acquisition of Vertigo Digital Displays located in Toronto, Ontario. Vertigo is a globally recognized leader in the design, engineering and manufacturing of ruggedized integrated digital display solutions.
CIVIQ Smartscapes designs and delivers connected urban infrastructure technologies worldwide. The acquisition of Vertigo is aligned with CIVIQ Smartscapes’ strategy of expanding capabilities and capturing Smart City opportunities around the world.
“The addition of Vertigo is a strong step forward for CIVIQ in expanding our technology and product portfolio,” said Erwin Rezelman, President, CIVIQ Smartscapes. “The Vertigo team has over a decade of experience in designing and delivering outdoor digital technology systems and will enhance CIVIQ’s core competencies in integrated Smart City solutions development and deployment.”
Ralph Idems, COO and Founder of Vertigo added “We are very happy to be associated with CIVIQ and look forward to enhancing our ability to deploy our digital technology as CIVIQ Smartscapes.”
“This is a further advancement in CIVIQ’s strategy to provide a comprehensive portfolio of connected urban technology,” said Michael D’Amelio, Managing Partner of JMC Capital Partners, the private equity owner of CIVIQ Smartscapes. “Vertigo’s product breadth and design capability as well as their customer relationships are a great compliment to the CIVIQ business.”
Vertigo will continue its operations in Toronto as CIVIQ.
About CIVIQ Smartscapes
CIVIQ Smartscapes designs and delivers connected urban infrastructure technologies that provide access to and enhance public information, commerce, safety and efficiency to create “smartscapes” – the future of intelligent urban infrastructure. For more information, visit www.civiqsmartscapes.com
About JMC Capital Partners
JMC Capital Partners is a private equity firm investing in industrial technology companies using its proven Platform Strategy, which builds value through operationally integrating complementary businesses within specific industrial market sectors. For more information, visit www.jmccp.com