Shares of strategy and digital technology services provider Alithya Group Inc. (ALYA) are up more than 13% Wednesday morning after the company agreed to buy R3D Conseil, a private Quebec firm that specializes in digital solutions.
The deal includes annual minimum volume commitments of about C$600 million in combined revenues during the initial 10-year term commercial agreements with Québecor and Beneva, R3D Conseil's indirect principal shareholders.
Alithya said the transaction will make an immediate contribution to its profitability.
R3D Conseil had revenues of about C$63 million for the twelve months ending on December 31, 2020.
ALYA, currently at $2.65, has been trading in the range of $1.45- $5.47 in the last one year.
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