Calian Strengthens Nuclear Capability with Acquisition of MDA Ltd. Nuclear Assets

OTTAWA, March 05, 2024 (GLOBE NEWSWIRE) -- Calian Group Ltd. (TSX: CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, and MDA Ltd (TSX:MDA), a trusted global mission partner, have completed a transaction in which Calian has purchased assets associated with MDA’s nuclear services.

MDA has provided professional services to the Canadian nuclear industry for more than 30 years, supported by a highly specialized team of engineers delivering complex project planning and management for large nuclear outages and refurbishment projects, including experience in nuclear outage tooling. MDA’s nuclear team will be integrated into Calian’s existing Nuclear business within its Advanced Technologies segment.

“The MDA Nuclear team will add new capabilities and services to Calian’s existing nuclear business,” says Kevin Ford, CEO, Calian. “The Calian Nuclear team is growing, with new projects and opportunities across Canada and globally, and we’re thrilled to accelerate our growth through this powerful addition to our team.” 

Calian Nuclear has been serving the Canadian and international markets for over 25 years. Calian is invested in the future of nuclear power as a clean energy source and a method of addressing climate change. The addition of MDA’s nuclear team to Calian will create strong synergies, including the ability to better serve their mutual client, Bruce Power. Additionally, Calian Nuclear can better support operations of existing nuclear facilities and refurbishments of the existing facilities.

“MDA’s nuclear team has deep expertise and a long history supporting nuclear power generation operators. We are pleased to reach this agreement with Calian and are confident the transaction will ensure continued strong support for customers and the long-term success of that team,” said Mike Greenley, CEO, MDA. “I would like to thank all of MDA’s nuclear employees for their commitment and contributions, and I wish them continued success at Calian.”

Completion of this acquisition is effective immediately.

About Calian
www.calian.com

We keep the world moving forward. Calian helps people communicate, innovate, learn, stay safe and lead healthy lives with confidence. Every day, our employees live our values of customer-centricity, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex problems. That’s Confidence. Engineered. A stable and growing company for 40 years, we are headquartered in Ottawa with offices and projects spanning North American and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.