Business
Turnium Technology Group Announces Closing of Acquisition of Assets of Insentra Management Services
With the closing of the Transaction, Insentra is expected to provide increased revenues, over 200 new indirect channel partners, increased technical and operational resources and a strong leadership teamThe acquisition continues Turnium's transformation to a Channel-first modelFor the twelve months commencing March 1, 2026, management is providing guidance of C$28M to C$32M in revenue, with an expected gross margin in the range of 43% to 46% and an adjusted EBITDA in the range of C$2.1M to...
About this update from Turnium Technology Group Inc Class A
[{"type":"list","items":[{"val":[{"type":"text","content":"With the closing of the Transaction, Insentra is expected to provide increased revenues, over 200 new indirect channel partners, increased technical and operational resources and a strong leadership team","length":203,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The acquisition continues Turnium's transformation to a Channel-first model","length":79,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"For the twelve months commencing March 1, 2026, management is providing guidance of C$28M to C$32M in revenue, with an expected gross margin in the range of 43% to 46% and an adjusted EBITDA in the range of C$2.1M to C$4.1M(1)","length":226,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":508,"olType":false},{"type":"text","content":"Vancouver, Canada--(Newsfile Corp. - February 27, 2026) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or the "Company"), a global leader in Technology-as-a-Service (TaaS) and partner enablement services, is pleased to announce, further to its press releases dated November 10, 2025, December 29, 2025 and February 3, 2026 (the "Prior Releases"), that it has completed its acquisition (the "Transaction") of substantially all the assets (the "Purchased Assets") of Insentra Management Services Pty Ltd. ("Insentra") and certain subsidiaries of Insentra ("Insentra Subsidiaries").","length":669,"tagName":"p"},{"type":"text","content":"Insentra is a private company incorporated under the laws of Australia, specialising in providing Advisory, Professional, Artificial Intelligence and managed IT services and solutions to businesses by exclusively partnering with IT providers. Insentra is headquartered in Sydney, Australia and serves clients globally.","length":318,"tagName":"p"},{"type":"text","content":"The Transaction was completed pursuant to a definitive asset purchase agreement dated February 2, 2026 (the "Asset Purchase Agreement") with Insentra, Insentra Subsidiaries and each of the securityholders of Insentra and Insentra Subsidiaries (the "Owners" and collectively, with Insentra and Insentra Subsidiaries, the "Vendors"). Certain non-material terms of the Asset Purchase Agreement were amended purs...