RE:RE:New Press Release - Calian Strengthens Nuclear Capability with Acquisition of MDA Ltd. Nuclear AssetsIt 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 the asset carve-out, which implies an attractive multiple paid of 3.2 times EBITDA (vs CGY trading at 8.2 times).”