Ottawa, Ontario, May 10, 2017 – Calian Group Ltd. (TSX: CGY) is pleased to announce today that it has acquired International Safety Research Inc. (ISR) of Ottawa, Ontario. ISR has been in business for almost 20 years providing radiation and nuclear safety engineering, and emergency preparedness and response services to both government and private sector customers.
"With revenues of approximately $8 million, we expect this acquisition to be EBITDA accretive from day one," stated Jacqueline Gauthier, Chief Financial Officer. “ISR results will be consolidated and reported as part of the Company’s Business and Technology Services (BTS) division.”
"ISR is an excellent fit for Calian," stated Jerry Johnston, VP, Training & Engineering Services. "The synergies that we can derive from the combination of ISR's services, and our own Emergency Management service offering, will allow us to provide unparalleled support to both new and existing customers."
"The acquisition of ISR is a great example of our four pillar growth strategy at work” stated Kevin Ford, Calian's CEO. "Through this acquisition we can retain customers both companies now share, diversify our customer base through ISR's deep connections in the nuclear industry nationally and internationally, evolve our Emergency Management service offering and introduce new capabilities in the Chemical, Biological, Radiological Nuclear and Explosive (CBRNE) consulting domains. ISR also brings methodologies and tools that can support our goal of continuous improvement in our operations."
Mike McCall, CEO of International Safety Research Inc. stated “the Calian brand, expertise, and market presence will enable ISR to rapidly grow its presence in the Nuclear Safety and Emergency and Preparedness and Response sectors.”