Smart thermostat pioneer ecobee is the latest Canadian company to be snapped up by a foreign buyer. Foreign acquisitions of Canadian companies are often painted as a negative. “If a bigger U.S. company acquires a smaller Canadian company to build out the program as originally envisioned by the Canadian company, it can be a true win-win for both companies,” says Singh. The company plans on expanding beyond Canada. Torstar, the parent company of the Toronto Star, has partnered with MaRS to highlight innovation in Canadian companies.

Source: thestar November 12, 2021 17:01 UTC