Calian Group Closes Sale of US Commercial IT Business

07:51 AM EDT, 10/01/2026 (MT Newswires) -- Calian Group (CGY.TO) has completed the sale of US commercial IT business to California-based Trace3, Calian said Thursday. Consideration comprises CA$43 million in upfront cash proceeds and the assumption by the purchaser of certain net liabilities totalling CA$17 million, according to Calian. "Completing this transaction is an important milestone for Calian, allowing us to move forward with greater clarity and focus as we continue to execute on our priorities and build the next phase of Calian's growth," Calian Chief Executive Officer Patrick Houston said.