Calian Group Ltd T.CGY

Details on acquisition

[profitprophet1]

The acquisition of @computexinc represents our first major strategic entry into the US market, supporting our growth objectives to be a one-billion-dollar company https://t.co/Qrc5cqKj2S
Not only does this acquisition bring us CAD$30M of recurring revenue annually, it also brings us another step closer to a full-service model, so we can provide end-to-end IT and cyber solutions for our customers https://t.co/4117fL9NGz

[Possibleidiot01]

My focus would have been on " The acquisition of Computex into the Calian family is expected to add CAD$75M (USD$60M) in annual business, in addition to recurring revenue of CAD$30M (USD$24M) in Managed IT & Security services. We expect the acquisition to be accretive from a gross margin and EBITDA margin immediately" And the price "to acquire the assets of US-based Computex

[profitprophet1]

Well, however you look at it, the deal looks to be a good one both in immediate dollar terms and in longer term strategy. Glad to be holding shares as the business continues to develop. Eventually the share price will respond accordingly.