Namesilo closes acquisition of Reach Systems

Executive Summary

• Namesilo Technologies Corp. has closed its strategic acquisition of Reach Systems Inc., a profitable Canadian engineering and manufacturing company specializing in remote inspection robotics, tether/cable management systems, and subsea harsh-environment camera and winch solutions.
• The acquisition is vertically integrated with Namesilo’s previously acquired SewerVUE Technologies (acquired Sept 2025), as Reach was a key supplier for long-lead components. The move aims to improve supply chain control, reduce production lead times, lower build costs, and enhance margins.
• The transaction was valued at $4.5 million, paid via a combination of common shares, cash, and the repayment of shareholder loans. Reach’s CEO, Colin Dobell, joins the company, bringing extensive industry experience.

Key Details

• Transaction Status: Closed.
• Target Company: Reach Systems Inc. (Canadian engineering and manufacturing firm).
• Target Business: Specializes in remote inspection robotics tether and cable management systems, and subsea harsh-environment camera and winch solutions. Operates profitably with established relationships in industrial, energy, marine, defence, and infrastructure markets.
• Strategic Rationale:
  • Vertical integration with SewerVUE Technologies (acquired Sept 2025).
  • Reach was a key supplier to SewerVUE for certain long-lead components.
  • Expected benefits: Improved supply chain control, reduced production lead times, lower system build costs, enhanced margin profile, and operational efficiency.
  • Enables delivery of fully integrated multisensor robotic inspection solutions.
• Consideration/Purchase Price: Total purchase price of $4,500,000, structured as follows:
  • Equity: Issuance of 1,939,168 common shares at $1.7335 per share (Total value: $3,361,547).
  • Cash: Payment of $978,699.
  • Debt Repayment: Repayment of outstanding shareholder loans totaling $159,753.
• Share Restrictions: The common shares issued as consideration are subject to a hold period of four months and one day from the date of issuance.
• Finder’s Fee: $90,000 paid via the issuance of 51,918 common shares at $1.7335 per share.
• Key Personnel: Colin Dobell, CEO of Reach Systems, joins the company. He has over 25 years of industry experience and previously owned/scaled Inuktun Services Ltd. (acquired by Eddyfi Technologies, which is being sold to ESAB Corp for $2 billion in Feb 2026).
• Management Commentary: CEO Paul Andreola stated the acquisition brings together complementary engineering businesses, enhances vertical integration, improves cost structure, and strengthens margin potential. Capital will be allocated toward scaling the platform and pursuing complementary opportunities.

Notable Quotes

• "This acquisition brings together two highly complementary engineering businesses with aligned products and customers," said Paul Andreola, chief executive officer of Namesilo. "Reach has been a key supplier to SewerVUE, and integrating the companies enhances vertical integration, improves cost structure and strengthens margin potential. Together, we are positioned to deliver fully integrated robotic inspection solutions into growing infrastructure and industrial markets, and we intend to allocate capital toward scaling this platform and pursuing complementary opportunities that build long-term shareholder value."