Calian completes sale of US commercial IT business to Trace3 for CAD $43 million upfront cash proceeds

Bitget2026/10/01 11:05

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Calian completed the sale of its U.S. commercial IT business in Houston to Trace3.
Terms included upfront cash proceeds of about CAD $43 million, equal to US $31 million.
Trace3 assumed certain net liabilities totaling about CAD $17 million, equal to US $12 million.
Deal closed on the terms disclosed on Aug. 25, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Calian Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610010705PRIMZONEFULLFEED9837360) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Calian completes sale of US commercial IT business to Trace3 for CAD $43 million upfront cash proceeds

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