Technology
Calian Enters Definitive Agreement to Acquire Galaxy Broadband, Expanding Communications and Connectivity Capabilities Across Canada
Transaction strengthens Calian's ability to support defence, government, critical infrastructure and remote communitiesOTTAWA, Ontario, June 25, 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 that it has entered into a definitive purchase agreement with Crown Capital Partners Inc. to acquire Galaxy Broadband Communications, a Canadian leader in s
About this update from Calian Group Ltd.
Transaction strengthens Calian's ability to support defence, government, critical infrastructure and remote communities OTTAWA, Ontario, June 25, 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 that it has entered into a definitive purchase agreement with Crown Capital Partners Inc. to acquire Galaxy Broadband Communications, a Canadian leader in satellite communications and remote connectivity solutions. Under the terms of the agreement, Calian will acquire Galaxy for $24 million in upfront consideration, with additional earnout consideration of $27.5 million conditional on performance over the next three years. The transaction is expected to close in Calian's fourth quarter, subject to customary closing conditions, applicable regulatory approvals and the approval of Crown's debenture holders. There can be no assurance that the transaction will be completed on the terms described herein, or at all. Headquartered in Mississauga, Ontario, Galaxy Broadband delivers secure and resilient communications and connectivity solutions to government, defence, critical infrastructure and remote community customers across Canada. For over three decades, the company has been a recognized leader in low Earth orbit (LEO) satellite deployment, private wireless and multi-orbit connectivity solutions, supporting organizations operating in some of Canada's most remote and challenging environments, including Northern Canada. "Galaxy Broadband is a highly strategic addition to Calian's communications and connectivity portfolio," said Patrick Houston, Chief Executive Officer, Calian. "Galaxy has built a strong reputation delivering reliable connectivity solutions to government, defence, critical infrastructure and remote community customers across Canada. Its satellite communications and multi-orbit expertise complement Calian's existing capabilities and expand our ability to support customers operating in complex and remote environments. Upon closing, we look forward to welcoming the Galaxy team to Calian and building on their strong customer relationships." Expanding Communications and Connectivity Capabilities Reliable communications infrastructure plays an increasingly important role in supporting defence operations, public safety, critical infrastructure and economic development across Canada, particularly in remote and northern regions where connectivity is essential.