Cansel Group

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Cansel Group - overview

Established

1966

Location

Burnaby, BC, Canada

Primary Industry

Business Support Services

About

Cansel Group, based in Canada, operates as a B2B provider of advanced geospatial and construction solutions, offering innovative surveying equipment, software, and services to enhance project efficiency and accuracy. Cansel Group specializes in delivering integrated solutions for the geospatial and construction sectors. Established in Burnaby, Canada, in 1966, the company has maintained a consistent focus on innovation. Cansel Group operates independently and is not reported to have any parent or subsidiary companies.


The founder's specific history is not available, but the organization has evolved through a commitment to technological advancements and client-focused services. Cansel Group offers comprehensive solutions in the geospatial, construction, and design data sectors. Their core offerings include advanced surveying equipment, software solutions, 3D laser scanning, and Virtual Design and Construction (VDC) services, all aimed at enhancing efficiency and accuracy in project execution. The company serves a diverse client base across various geographical markets, including Canada, the United States, and the United Kingdom, providing tailored solutions that meet the specific demands of surveyors, engineers, and construction professionals.


Cansel Group generates revenue through a structured B2B model, primarily catering to businesses in the geospatial and construction sectors. Revenue is derived from direct sales of surveying equipment and software, as well as service contracts for training and technical support. Strategic partnerships, particularly in the Autodesk software resale market, contribute to their revenue streams. Cansel's integrated solutions are typically sold as part of comprehensive packages that incorporate hardware, software, and ongoing support services, designed to facilitate seamless integration into clients' workflows.


Cansel Group is focusing on expanding its product offerings and geographic reach. Plans for the near future include the launch of new software solutions and advanced surveying technologies, with specific products expected to be unveiled by 2024. The company aims to penetrate additional markets in the United States and Europe, targeting these regions for expansion over the next two years. Recent funding will be allocated towards research and development initiatives to support these product launches and market entry strategies.


Primary Industry

Business Support Services

Sub Industries

Equipment Rental & Leasing, Hardware, Engineering Software

Website

www.canselgroup.com/

Verticals

Cloud Computing

Total Amount Raised

Subscriber access only

Cansel Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSolid Caddgroup Inc.-

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