Calian Expands European Presence with Acquisition of Norway-based Training Company
08 Julho 2020 - 10:02AM
Calian Group Ltd. (TSX: CGY) has broadened its presence in Europe
with the acquisition of Comprehensive Training Solutions
International (CTS), a boutique training firm based in Stavanger,
Norway.
CTS designs, develops and delivers complex
training exercises for the Joint Warfare Centre (JWC), a
multi-national and multi-service organization of NATO, and the
wider NATO audience across Europe.
“It is very exciting to be joining the Calian
team – together we will have an opportunity to continue our
important training delivery for NATO while expanding business in
Europe,” said John Cullen, owner and Managing Director, CTS.
“I look forward to working with John and the CTS
team as we continue to expand our business in the European market,
in the areas of defence and training exercises. I was very pleased
to see their team’s cultural alignment with Calian’s, which is an
important strategic consideration in our M&A playbook,” said
Don Whitty, Vice President, Learning, Calian. “We see excellent
potential in our combined expertise, plus Calian’s leading training
software solutions, Calian MaestroEDE® and Calian
ResponseReady™.”
“With trailing annual revenues of approximately
$4 million and a positive margin profile, we expect CTS to be
EBITDA accretive within the first twelve months,” said Patrick
Houston, Chief Financial Officer, Calian. “A presence in Norway
supports Calian’s access to the European market, which continues to
be key to the Calian growth strategy.”
“I would like to extend a very warm welcome to
the CTS team. We are excited to work together,” said Kevin Ford,
President and Chief Executive Officer, Calian. “This boutique
acquisition signifies the European market’s importance to Calian’s
growth strategy. Last year we acquired Germany-based SatService, an
innovative player in European satellite ground systems market. CTS
will support the growth of Calian’s business in Europe as well as
customer diversification, a key pillar within Calian’s four-pillar
growth framework.”
About Comprehensive Training
Solutions Comprehensive Training Solutions (CTS)
specializes in the creation of complex and realistic training
environments for both defence and civil clients across Europe and
worldwide. CTS was originally formed to develop and deliver complex
training scenarios for NATO. The team has expanded to deliver this
high-level of training to international organizations,
corporations, businesses, NGOs and private clients. Learn more at
http://cts.international/
About Learning Calian’s
Learning segment is a trusted provider of specialized training
services and solutions for the Canadian Armed Forces and clients in
the defence, health, energy and other sectors. We enable clients to
reach competency and validate learning plans and team performance.
Calian provides consulting services in emergency management,
training and advanced training technologies to federal and
provincial governments, municipalities, Indigenous communities, and
the private sector, primarily in domestic markets. Learning offers
full-service training programs and services ranging from needs
analysis and program design, development and delivery to
administration and evaluation. Our goal for clients is to shorten
the student’s time-to-competency. Calian’s training consulting
services help clients achieve learning outcomes and optimize their
workforce. Complementing our training services are our products and
technology. Calian MaestroEDE® is a tool for the design,
development and delivery high-fidelity, collective training
exercises for military customers; Calian ResponseReady™ is an
online platform and simulation tool that supports emergency
management training exercise delivery and evaluation.
About CalianCalian employs over
3,400 people in its delivery of diverse products and solutions for
private sector, government and defence customers in North American
and global markets. The Company’s diverse capabilities are
delivered through four segments: Advanced Technologies, Health,
Learning and Information Technology. The Advanced Technologies
segment provides innovative products, technologies and
manufacturing services and solutions for the space, communications,
defence, nuclear, government and agriculture sectors. The Health
segment manages a network of more than 1,800 health care
professionals delivering primary care and occupational health
services to public and private sector clients across Canada.
Learning is a trusted provider of emergency management, consulting
and specialized training services and solutions for the Canadian
Armed Forces and clients in the defence, health, energy and other
sectors. The Information Technology segment supports public- and
private-sector customer requirements for subject matter expertise
in the delivery of complex IT and cyber security solutions.
Headquartered in Ottawa, the Company’s offices and projects span
Canada and international markets.
For further information, please visit our
website at www.calian.com, or contact us at ir@calian.com
Kevin Ford President and Chief Executive
Officer613-599-8600
|
Patrick Houston Chief Financial Officer613-599-8600 |
Media
inquiries:613-599-8600 x 2298 |
DISCLAIMER
Certain information included in this press
release is forward-looking and is subject to important risks and
uncertainties. The results or events predicted in these statements
may differ materially from actual results or events. Such
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from current expectations include, among other things: the impact
of price competition; scarce number of qualified professionals; the
impact of rapid technological and market change; loss of business
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consolidations in the business services industry. For additional
information with respect to certain of these and other factors,
please see the Company’s most recent annual report and other
reports filed by Calian with the Ontario Securities Commission.
Calian disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. No assurance can be given
that actual results, performance or achievement expressed in, or
implied by, forward-looking statements within this disclosure will
occur, or if they do, that any benefits may be derived from
them.
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