Brief: Calian Group Acquires Germany-Based Satservice For EUR 6.5 Mln

Calian

01/04/2019 15:50

April 1 (Reuters) - Calian Group Ltd  CGY.TO :
    * CALIAN GROUP EXPANDS EUROPEAN SATELLITE BUSINESS WITH
ACQUISITION OF GERMANY-BASED SATSERVICE
    * CALIAN GROUP LTD - EXPECT ACQUISITION TO BE EBITDA
ACCRETIVE
"FROM DAY ONE"
    * CALIAN GROUP LTD - PROPOSED DEAL FOR A PURCHASE PRICE OF
EUR 6.5
MILLION
    * CALIAN GROUP LTD - DEAL ALSO PROVIDES FOR TWO ADDITIONAL
PAYMENTS IN DECEMBER 2019 AND DECEMBER 2020
    * CALIAN GROUP LTD - SATSERVICE HAS ANNUAL REVENUES OF
APPROXIMATELY CAD $10 MILLION

Source text for Eikon:  ID:nGNX7w3gRj 
Further company coverage:  CGY.TO 

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