TSX:CGY - Post Discussion
Post by
retiredcf on Mar 06, 2024 9:18am
RBC
March 5, 2024
Calian Group Ltd.
Makes tuck-in acquisition of nuclear services assets from MDA
TSX: CGY | CAD 57.67 | Outperform | Price Target CAD 72.00
Sentiment: Neutral
Calian purchases nuclear services assets from MDA (TSX:MDA). After market close today, Calian announced that it has acquired assets associated with MDA’s (TSX:MDA) nuclear services. The assets and team will be integrated into Calian’s Advanced Technologies segment, which has provided nuclear services for over 25 years. There were no financial details provided in the press release.
Provides complementary capabilities and services. The acquisition will provide Calian with new and complementary capabilities and services. The acquired assets and team focus on nuclear systems engineering and operational support, whereas Calian’s nuclear services include primarily consulting (i.e., environmental and safety). The combined capabilities allow Calian to compete for a greater share of client spend. Moreover, the acquisition provides an opportunity to consolidate services for clients, like Bruce Power, which is a mutual client of both Calian and MDA.
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