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Calian Acquires MDA's Nuclear Assets and Team to Strengthen Its Nuclear Capability
Wednesday, March 6, 2024Company Profile | Careers | Follow Company
Richmond, BC, March 6, 2024--(T-Net)--Calian Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, and MDA Ltd. (TSX:MDA), a trusted global mission partner, have completed a transaction in which Calian has purchased assets associated with MDA's nuclear services.
MDA has provided professional services to the Canadian nuclear industry for more than 30 years, supported by a highly specialized team of engineers delivering complex project planning and management for large nuclear outages and refurbishment projects, including experience in nuclear outage tooling.
MDA's nuclear team will be integrated into Calian's existing Nuclear business within its Advanced Technologies segment.
Kevin Ford, CEO, Calian (Credit: Calian)
"The MDA Nuclear team will add new capabilities and services to Calian's existing nuclear business," says Kevin Ford, CEO, Calian. "The Calian Nuclear team is growing, with new projects and opportunities across Canada and globally, and we're thrilled to accelerate our growth through this powerful addition to our team."
Calian Nuclear has been serving the Canadian and international markets for over 25 years. Calian is invested in the future of nuclear power as a clean energy source and a method of addressing climate change.
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The addition of MDA's nuclear team to Calian will create strong synergies, including the ability to better serve their mutual client, Bruce Power. Additionally, Calian Nuclear can better support operations of existing nuclear facilities and refurbishments of the existing facilities.
Mike Greenley, Chief Executive Officer, MDA
"MDA's nuclear team has deep expertise and a long history supporting nuclear power generation operators. We are pleased to reach this agreement with Calian and are confident the transaction will ensure continued strong support for customers and the long-term success of that team," said Mike Greenley, CEO, MDA. "I would like to thank all of MDA's nuclear employees for their commitment and contributions, and I wish them continued success at Calian."
Completion of this acquisition is effective immediately.
About Calian
We keep the world moving forward. Calian helps people communicate, innovate, learn, stay safe and lead healthy lives with confidence. Every day, our employees live our values of customer-centricity, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex problems. That's Confidence. Engineered.
A stable and growing company for 40 years, we are headquartered in Ottawa with offices and projects spanning North American and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.
Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.
About MDA
Serving the world from its Canadian home and global offices, MDA (TSX:MDA) is an international space mission partner and a robotics, satellite systems and geointelligence pioneer with a 50-year story of firsts on and above the Earth.
With over 3,000 employees across Canada, the US and the UK, MDA is leading the charge towards viable Moon colonies, enhanced Earth observation, communication in a hyper-connected world, and more.
With a track record of making space ambitions come true, MDA enables highly skilled people to continually push boundaries, tackle big challenges, and imagine solutions that inspire and endure to change the world for the better, on the ground and in the stars. https://mda.space/en/
Product or service names mentioned herein may be the trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in MDA's Annual Information Form available on SEDAR at www.sedar.com. MDA does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. |
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