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The latest announcement is out from Uniserve Communications ( (TSE:USS) ).
Uniserve Communications has closed its acquisition of the business, assets and undertaking of Megawire Inc., a full-service managed IT services provider with operations across Ontario, the rest of Canada and virtual service coverage into the U.S., in a deal valued at $6.5 million. The transaction is structured through a combination of Uniserve shares and cash payments, including $2 million in stock to acquire Megawire’s assets and additional cash-based share purchase agreements for related entities, with escrow and margin-adjustment mechanisms built in to protect against post-closing performance or balance-sheet variances, signalling Uniserve’s drive to expand its national footprint and strengthen its position in the managed IT and cloud services market.
More about Uniserve Communications
Uniserve Communications Corporation, listed on the TSX Venture Exchange under symbol USS, operates in the managed IT and telecommunications sector, providing managed IT services, internet service provision, cloud solutions, and data centre services. The company targets business customers, offering infrastructure assessments, network security, structured cabling, and ongoing IT support and security across Canada and, through acquired operations, into the United States.
Average Trading Volume: 22,141
Technical Sentiment Signal: Buy
Current Market Cap: C$20.6M
For a thorough assessment of USS stock, go to TipRanks’ Stock Analysis page.