Tallysman Wireless Inc. is acquired by Calian Group Ltd (TSX:CGY)
September 3, 2020
Tallysman is pleased to announce that effective September, 1, 2020, Tallysman Wireless Inc. has been acquired by Calian Group Ltd, a publicly owned Canadian company listed on the Toronto Stock exchange (CGY).
Tallysman brings to Calian, a strong brand in precision Global Navigation Satellite Systems (GNSS) products. Under the Calian umbrella, Tallysman will continue to operate in the future, as it has in the past, with no changes in product availability, fulfilment, support, management, or engineering services. Tallysman will also continue to invest in R&D and bring new and innovative GNSS products to the market.
Patrick Thera, President, Advanced Technologies, Calian states: “Calian welcomes Tallysman to our team. The Tallysman product line and services add a complementary component to our ground-based satellite communications business. It expands Calian’s reach in the satcom industry to markets requiring smaller antenna used in end-user devices that need a different range of fidelities. GNSS is one of the fastest growing markets for satellite ground systems and we are excited to join forces with a leader in this field.”
Gyles Panther, Tallysman’s President and CTO states: “We are extremely pleased to join the Calian team. We look forward to continuing, profitable growth of our core GNSS businesses with market leading products that we sell to a broad customer base. As a member of the Calian family we also look forward to leveraging additional resources, new technologies and markets deriving from Calian’s deep expertise in satellite communications”