Tuesday Ticker: November 16, 2021

Toronto, Ontario ⁠— In this week’s Tuesday Ticker, Apple hires a former Tesla engineer for its rumoured EV project and Rivian raises US$12 billion in its initial public offering (IPO). Christopher Moore bites the Apple Apple has reportedly hired Tesla’s Autopilot software engineer to work on its rumoured electric vehicle project, Bloomberg reported last week. […]

Oh Snap: Snap-on acquires Ontario-based Dealer-FX

Markham, Ontario — HGGC, the private equity firm that controls Canadian operations software provider Dealer-FX, has sold the company to Snap-on Inc., the companies announced Monday. The giant manufacturer of hand tools, shop equipment, diagnostic software and other service department products paid HGGC US$200 million cash for Dealer-FX, of Markham, Ont. Dealer-FX’s service lane software […]