Brief: Alithya To Acquire Travercent, A Leading US-Based Oracle Cloud-Focused Group

Alithya

16/12/2019 14:22

Dec 16 (Reuters) - Alithya Group Inc  ALYA.TO :
    * ALITHYA ANNOUNCES A STRATEGIC INVESTMENT IN THE HEALTHCARE
SECTOR WITH THE ACQUISITION OF TRAVERCENT, A LEADING US-BASED
ORACLE CLOUD-FOCUSED GROUP
    * ALITHYA - PURCHASE CONSIDERATION FOR TRANSACTION AMOUNTS
TO
ABOUT $18.0 MILLION PAYABLE IN CASH AND IN CLASS A SUBORDINATE
VOTING SHARES OF ALITHYA
    * ALITHYA GROUP INC - TRANSACTION IS EXPECTED TO IMMEDIATELY
CONTRIBUTE TO ALITHYA'S PROFITABILITY ON AN ADJUSTED BASIS

Source text for Eikon:  ID:nCNWXqSM5a 
Further company coverage:  ALYA.TO 

 ((Reuters.Briefs@thomsonreuters.com;))