Baylin Technologies to Acquire Sweden’s Kaelus for $42 Million
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Baylin Technologies Inc. will acquire Sweden's Kaelus AB for $42 million CAD, paid in cash and shares. The acquisition is expected to triple Baylin's adjusted EBITDA by 2026, with lower debt leverage. Kaelus offers complementary products and global reach, promising cross-selling opportunities and cost synergies. Financing includes a $10 million equity raise and a $30.9 million credit facility. The combined backlog at Q3 2025 was $51.2 million.
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