OTTAWA, January 4, 2021 – Calian® Group Ltd. (TSX: CGY) announced the acquisition of InterTronic Solutions Inc. (InterTronic), Canada’s foremost producer of high-performance antenna systems.
InterTronic antennas maximize user experiences through exceptional pointing, precision, and reflector surface accuracy
Bringing together Calian ground satellite systems and InterTronic antenna systems gives aerospace, defence, and satellite communications customers a broad range of capabilities to meet their most critical Radio Frequency (RF) ground system requirements.
The state of the art, high precision antenna solutions built by InterTronic include high-accuracy, high-speed motion systems used by military, scientific and commercial customers. Applications of InterTronic solutions include Radio Astronomy, Radar, Electronic Warfare, Deep Space and Satellite Communications.
“The InterTronic product portfolio is a natural extension of Calian’s existing satellite gateway, modulator, and monitoring portfolio, and will further diversity Calian’s customer base.” explains Patrick Thera, President, Advanced Technologies, Calian. “The exceptional pointing, precision, and reflector surface accuracy make InterTronic antennas ideal for applications such as advanced very long baseline interferometry or VLBI.”
Combining InterTronic antenna lines with Calian’s composite fibre antenna line provides customers with a compelling range of antenna solutions to meet their most demanding requirements for low earth orbit, medium earth orbit, geo-stationary orbit, deep space and radar. When combined with Calian’s ground systems engineering capabilities, Calian can now offer a broader range of innovative end-to-end ground system solutions.
“InterTronic customers are among the most exacting and sophisticated in the world, demanding excellence at every turn,” says Jill Wright, Founder of InterTronic. “The natural synergy between our organizations will allow us to continue our tradition of excellence as InterTronic, a Calian Company.”
“We are excited to have the InterTronic team join the Calian family” stated Kevin Ford, CEO Calian. “This acquisition supports our four-pillar growth framework, specifically, customer diversification with strong US based customers and Innovation with technology that strengthens our ground systems offerings” continued Ford.
The definitive agreement is valued at up to CDN$22 million. Amount paid on closing is $13.0 million and contains earnouts of up to $9.0M based on the achievement of a certain level of EBITDA performance and contract wins over the next 24 months. InterTronic results will be consolidated and reported with the Calian Advanced Technologies segment.