Calian has completed the previously announced sale of its United States (U.S.) commercial IT business based in Houston, Texas, to Trace3
OTTAWA, Ontario, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a mission-critical solutions company focused on defence, space, healthcare and other strategic critical infrastructure sectors, today announced it has completed the sale of its United States (U.S.) commercial IT business based in Houston, Texas, to Trace3, a leading technology solutions provider and digital transformation consultancy headquartered in Irvine, California.
The transaction was completed on the terms previously announced on August 25, 2026, including upfront cash proceeds of approximately CAD $43 million (US $31 million) and the assumption by the purchaser of certain net liabilities totalling approximately CAD $17 million (US $12 million).
“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,” said Patrick Houston, Chief Executive Officer, Calian. “The U.S. commercial IT business has built strong customer relationships and a respected position in the market and we wish them continued success with Trace3.”
Stifel served as exclusive financial advisor to Calian in connection with the transaction, and LaBarge Weinstein served as legal advisor to Calian.
About Calian
For over 40 years, Calian has delivered mission-critical solutions when failure is not an option. Trusted worldwide, we empower organizations in critical industries to overcome obstacles, manage risks and drive progress. By combining the expertise of our people, proven industry insight, cutting-edge technology, bold innovation, and global reach, we deliver tailored solutions that solve complex challenges. Headquartered in Ottawa, Canada, with over 6,000 people around the world, Calian’s solutions protect lives, strengthen security, foster global connectivity and drive economic progress, making a lasting impact where and when it matters most.