Ottawa, Ontario July 10, 2014 - Calian Technologies Ltd. (TSX:CTY) is pleased to announce that effective June 30, 2014 it has acquired DWP Solutions Inc. of Ottawa, Ontario. DWP Solutions Inc. has been in business for 18 years providing information technology and security consulting services to a variety of government and defence customers.
"With revenues of approximately $6 million, we expect this acquisition to be EBITDA accretive from day one" stated Jacqueline Gauthier, Chief Financial Officer. "DWP results will be consolidated and reported as part of the Company’s Business and Technology Services (BTS) division".
"As part of our M&A plan, we continue to look for companies that align to our strategy of evolving our service lines and diversifing our customer base. For the BTS division, our goal is to continue to grow a vibrant services business that encompasses Health, Training and Information Technology" states Kevin Ford, President of Calian's BTS division. "We are excited about the acquisition of DWP as our client base is demanding more specialists in the area of cyber and security. The experience and background of DWP will help us expand our capability in this high demand market."
"Our customer’s demand for service is growing. By joining forces with Calian, we are confident that we can scale to meet our customers evolving security needs" stated David Presley, President DWP Solutions Inc. "Likewise, our subcontractors will be able to access a wider range of opportunity to broaden their experience."