Tornado Infrastructure Equipment Approves Acquisition by The Toro Company

Tornado Infrastructure Equipment Ltd. announced the approval of its acquisition by The Toro Company. At a special meeting, securityholders of Tornado voted in favor of the plan of arrangement, wherein The Toro Company will acquire all outstanding shares for CAD $1.92 each. The resolution required a two-thirds majority from shareholders and securityholders, as well as a simple majority excluding certain insider votes.

The company reported that 99.65% of shareholders and 99.68% of all securityholders were in favor. The acquisition is pending court approval and other conditions, with a completion date expected around December 8, 2025.

The transaction reflects Tornado's strategic alignment with Toro, potential market expansion, and integration with a larger enterprise. The finalization awaits a court decision on December 3, 2025.