There’s more were that comes from, Thoma Bravo to acquire Kneat (OTC: KSIOF) for C$650 million in all-cash deal

Kneat.com (OTC: KSIOF) announced it has entered into a definitive agreement to be acquired by an affiliate of Thoma Bravo in an all-cash transaction valued at approximately C$650 million.

Under the arrangement, Kneat shareholders will receive C$6.50 per share in cash, representing a 40% premium to the company’s closing price on May 8, 2026, the last trading day before Kneat announced its strategic review. The price also represents a 20% premium to the June 5, 2026, closing price.

The transaction was unanimously approved by Kneat’s board of directors following a recommendation from a special committee of independent directors. The deal includes a break fee of approximately C$22.6 million payable under certain circumstances.

Kneat provides digital validation and quality process automation software for life sciences companies. The Ireland-based company’s platform digitizes data for integrity and traceability in regulated environments.

“This Transaction represents the culmination of a comprehensive strategic review process undertaken by the Kneat Board of Directors,” said Carol Leaman, chair of the special committee.

Eddie Ryan, CEO and co-founder of Kneat, said the partnership with Thoma Bravo would help accelerate the company’s mission in digital validation and quality process automation.