With the U.K. looking to increase defence spending to 2.5% of GDP by 2030, Calian is making an acquisition that will position it to win more business there.
CALIAN GROUP, $56.41, is a buy. The company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (calian.comcalian.com; Shares o/s: 11.9 million; Market cap: $668.7 million; Divd yield: 2.0%) has now completed the acquisition of U.K.-based Mabway for up to $41 million. This includes $32.4 million on closing.
Mabway is a leader in the management of large-scale defence role-playing environments that simulate real-world operational environments and provide technical engineering education for naval and maritime communities. The company has been a prime supplier to the British Army since 2012.
Mabway has several offices across the U.K., a workforce of more than 1,000 ex-military and civilian permanent staff and contractors, and services reaching into Europe and the Middle East.
The acquisition expands Calian’s existing presence in the U.K. and Europe, bolstering its military training and simulation solutions in the region and presenting more…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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