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An announcement from Rmr Science Technologies ( (TSE:TTGI) ) is now available.
Turnium has signed a definitive asset purchase agreement to acquire substantially all assets of Australia-based Insentra Management Services and its subsidiaries, including intellectual property, customer contracts and staff entitlements, in a deal valued at approximately C$5.7 million plus contingent earn-out and EBITDA bonus payments. The transaction is expected to add over 200 new indirect channel partners, bolster Turnium’s technical and operational resources and leadership bench, and further solidify its transformation to a channel-first model, with management guiding to 2026 revenues of C$30–32 million, gross margins of 43–46% and adjusted EBITDA of C$2.1–3.1 million, underscoring a strategy of scale and profitability through expanded global partner networks.
More about Rmr Science Technologies
Turnium Technology Group Inc., listed on the TSX Venture Exchange and Frankfurt Stock Exchange, is a global Technology-as-a-Service provider focused on partner enablement, including an AI-powered prospecting and lead generation platform. The company operates a channel-first business model, working through indirect IT partners to deliver advisory, professional and managed IT services and solutions to businesses worldwide.
Average Trading Volume: 158,006
Technical Sentiment Signal: Buy
Current Market Cap: C$16.91M
See more data about TTGI stock on TipRanks’ Stock Analysis page.