ALYA - Alithya skyrockets on acquisition of R3D Conseil

Alithya (ALYA) acquires R3D Conseil, a private Quebec firm that specializes in digital solutions.The purchase price is ~C$76.0M (excl. C$8.5M in debt) and is payable by the issuance of up to 25,469,535 class A shares of Alithya to R3D Conseil shareholders on the closing date, represent ~30% of Alithya's issued and outstanding shares.The transaction terms includes annual minimum volume commitments totalling ~C$600M in combined revenues during the initial 10-year term commercial agreements.Alithya expects this transaction to generate significant growth. R3D Conseil's revenues were ~C$63m for the last twelve months ending on Dec. 31, 2020.The transaction will immediately contribution to Alithya's profitability, notably due to the annual minimum volume commitments and value-added projects resulting from the new commercial agreements.Shares +65% pre-market.

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Alithya skyrockets on acquisition of R3D Conseil