MDA Space Ltd T.MDA

New Press Release - Calian Strengthens Nuclear Capability with Acquisition of MDA Ltd. Nuclear Assets

OTTAWA, March 05, 2024 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, and MDA Ltd (TSX:MDA), a trusted global mission partner, have completed a transaction in which...read article.

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I was not aware that MDA was in the nuclear services business. Was there maybe some robotics technology involved here? Anyway presumably it's non-core now. It would be interesting to know what they got for it. >>>Calian has purchased assets associated with MDA’s nuclear services. MDA has provided professional services to the Canadian nuclear industry for more than 30 years

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It was a very small part of their revenue, as per the G&M today.  A side distraction. “Subsequent to a follow-up with management, we understand that historically the business generates $2.5-million of annual EBITDA from $8.0-million of annual revenue, which implies an attractive margin of 31 per cent (vs CGY at 10–11 per cent). When considering closing costs, CGY paid $8.0-million for