The acquisition from Crown Capital Partners is expected to finalize during Calian’s fourth quarter, pending standard regulatory approvals. The additional 27.5 million Canadian dollars in earnout payments will be tied to Galaxy Broadband’s performance metrics over the next three years.
In section Market Quotes
Calian Group Targets Galaxy Broadband in $36.3 Million Expansion
Calian Group is set to acquire Galaxy Broadband Communications, a specialist in remote connectivity, for a total consideration of up to 51.5 million Canadian dollars. The deal, which aims to bolster Calian’s reach in complex environments, combines an upfront payment of 24 million Canadian dollars with performance-based earnouts.
By integrating Galaxy Broadband, Calian intends to deepen its footprint within the Canadian government, defense, and critical infrastructure sectors. This move aligns with the firm's broader strategy to enhance its technical support capabilities for clients operating in remote and challenging geographical locations.
Comments (0)
No comments yet. Be the first!