Business
Transcontinental Inc. and the founders of CEDROM-SNi Inc. sell their stakes to CNW Group Ltd., a Cision® company
Transcontinental Inc. and the founders of CEDROM-SNi Inc. sell their stakes to CNW Group L...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\nTranscontinental Inc. and the founders of CEDROM-SNi Inc. sell their stakes to CNW Group Ltd., a Cision® company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, Dec. 20, 2017\n\n\n\nMONTRÉAL, Dec. 20, 2017 /CNW Telbec/ - Transcontinental Inc., (TSX: TCL.A TCL.B) announces the sale of its 50% stake in CEDROM-SNi Inc., a Montréal-based firm specializing in digital media monitoring, to CNW Group Ltd., a Cision® company delivering Canadian media intelligence and news distribution services. As part of this agreement, the founders of CEDROM-SNi are also selling their stake to CNW Group Ltd., which now becomes the sole owner. CEDROM-SNi's employees, totalling approximately 110 people, remain employed in Montréal and in the satellite offices of Québec City, Ottawa, Toronto and Paris.\n\n\n \n \n\n \nNicole Guillot, Cision's President of Canada and Corporate Director of CNW Group Ltd., noted, \"We are very proud to acquire CEDROM-SNi, a company whose product and service offering is among the best-performing in the industry and is complementary to ours. By joining forces, we will be able to offer our customers an enhanced and diversified offering that  is perfectly aligned with Cision's global vision to be a leading provider of earned media software and services at the crossroads of public relations, digital and social marketing. We are pleased to welcome the talented employees of CEDROM-SNi who bring leading-edge expertise to Cision, in order to pursue our growth together.\"\n\n\"We are delighted to sell to Cision as this is based on an informed and propitious decision that ensures the sustainability of a Québec company created almost 30 years ago,\" said François Aird, President of CEDROM-SNi Inc. \"Cision is a key player in the market, recognized for its commitment to innovation and whose values are very similar to ours. Right from our initial discussions, we understood the importance given to the exceptional skills of our teams. CEDROM-SNi has always distinguished itself by the quality of it...