ACQUISITIONS (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Acquisition of Geist |
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| Schedule of total aggregate purchase consideration |
The total aggregate purchase consideration, net of cash acquired, was as follows:
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|
|
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Purchase Consideration
|
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Cash
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$
|
126.1
|
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Purchase consideration
|
|
|
126.1
|
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Less: Cash acquired
|
|
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(1.8)
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|
Purchase consideration, net of cash acquired
|
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$
|
124.3
|
|
| Summary of assets acquired and liabilities assumed |
The following table summarizes the values of the assets acquired and liabilities assumed at the closing date:
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|
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|
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|
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Purchase Price
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|
|
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Allocation
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Current assets
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$
|
18.1
|
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Property, plant and equipment, net
|
|
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28.5
|
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Intangible assets
|
|
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40.4
|
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Total identifiable assets
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|
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87.0
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Current liabilities
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|
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5.3
|
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Total identifiable liabilities assumed
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|
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5.3
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Goodwill
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|
|
42.6
|
|
Purchase consideration, net of cash acquired
|
|
$
|
124.3
|
|
| Schedule of total identifiable intangible assets acquired |
The following table details the total identifiable intangible assets acquired, their useful lives and fair values:
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|
|
|
|
|
|
|
|
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Useful Life
|
|
|
|
|
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(Years)
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Fair Value
|
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Customer relationships
|
|
15
|
|
$
|
21.9
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Developed technology
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|
15
|
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12.4
|
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Trademarks
|
|
5
|
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6.1
|
|
Total finite-lived identifiable intangible assets
|
|
|
|
$
|
40.4
|
|
Weighted average useful life of finite-lived intangibles (years)
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|
|
|
|
13.5
|
|
| Acquisition of Energy Labs, Inc |
|
| Schedule of total aggregate purchase consideration |
The total aggregate purchase consideration, net of cash acquired, was as follows:
|
|
|
|
|
|
|
|
Purchase Consideration
|
|
Cash
|
|
$
|
144.2
|
|
Contingent consideration
|
|
|
12.8
|
|
Purchase consideration
|
|
|
157.0
|
|
Less: Cash acquired
|
|
|
(7.5)
|
|
Purchase consideration, net of cash acquired
|
|
$
|
149.5
|
|
| Summary of assets acquired and liabilities assumed |
The following table summarizes the values of the assets acquired and liabilities assumed at the closing date:
|
|
|
|
|
|
|
|
Purchase Price
|
|
|
|
Allocation
|
|
Current assets
|
|
$
|
26.4
|
|
Property, plant and equipment, net
|
|
|
23.6
|
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Intangible assets
|
|
|
73.7
|
|
Total identifiable assets
|
|
|
123.7
|
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Current liabilities
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|
|
13.3
|
|
Deferred income taxes
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|
|
23.1
|
|
Total identifiable liabilities assumed
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|
|
36.4
|
|
Goodwill
|
|
|
62.2
|
|
Purchase consideration, net of cash acquired
|
|
$
|
149.5
|
|
| Schedule of total identifiable intangible assets acquired |
The following table details the total identifiable intangible assets acquired, their useful lives and fair values:
|
|
|
|
|
|
|
|
|
|
Useful Life
|
|
|
|
|
|
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(Years)
|
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Fair Value
|
|
Customer relationships
|
|
10
|
|
$
|
59.7
|
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Trademarks
|
|
5
|
|
|
3.3
|
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Capitalized software
|
|
5
|
|
|
7.5
|
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Other Intangibles
|
|
1
|
|
|
3.2
|
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Total finite-lived identifiable intangible assets
|
|
|
|
$
|
73.7
|
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Weighted average useful life of finite-lived intangibles (years)
|
|
|
|
|
8.9
|
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