Turnium Sells TNET Division to Refocus on Partner-Led TaaS Strategy

Rmr Science Technologies ( (TSE:TTGI) ) has issued an announcement.

Turnium Technology Group has signed a definitive asset purchase agreement to sell its TNET Division, which provides IT consulting, support, managed services, Microsoft licensing and hosted voice services in British Columbia and parts of the United States, back to Tenacious Services Inc. The deal will see the purchaser assume substantially all assets, contracts and related liabilities of the TNET business, settle existing indebtedness, reassign previously issued Turnium shares and pay a small cash amount related to lease termination fees.

The divestiture, which is classified as a non-arm’s length transaction and remains subject to TSX Venture Exchange approval, is designed to streamline Turnium’s operations and sharpen its focus on its core Technology-as-a-Service and partner-led growth strategy following the Insentra acquisition. Turnium expects the remaining assets and liabilities of TNET to be immaterial and plans to wind up the subsidiary’s operations during fiscal 2026, while customers of the TNET Division will continue to be served with operational continuity under the leadership of Aaron Patton, who has long managed the business.

More about Rmr Science Technologies

Turnium Technology Group Inc., listed on the TSX Venture Exchange and Frankfurt Stock Exchange, is a global provider of Technology-as-a-Service and partner enablement services. The company focuses on scalable, partner-led solutions and is transitioning toward a 100% partner-led, wholesale global business model, bolstered by its recent acquisition of Insentra.

Average Trading Volume: 168,078

Technical Sentiment Signal: Hold

Current Market Cap: C$16.46M

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