Dexterra Group Announces Sale of NRB Modular Solutions
Dexterra Group Announces Sale of NRB Modular Solutions
Toronto, Ontario--(Newsfile Corp. - June 6, 2024) - Dexterra Group Inc. (TSX: DXT) ("Dexterra" or the "Company") announces the signing of a purchase agreement for the sale of its NRB Modular business ("NRB"), a leading provider of modular building solutions, to ATCO Structures & Logistics Ltd. ("ATCO Structures") for a purchase price of $40 million, payable in cash and subject to normal closing adjustments and conditions including clearance under the Competition Act (Canada).
多伦多,安大略 - (新闻稿公司-2024年6月6日) -Dexterra Group Inc.(TSX:DXT)(“ Dexterra”或“公司”)宣布签署销售其NRB Modular业务(“NRB”)的购买协议,NRB是领先的模块化建筑解决方案提供商之一,将其售予ATCO结构和Logistics有限公司(“ATCO Structures”),售价为4000万美元,以现金支付,需符合常规的收盘调整和条款,包括根据《竞争法》(加拿大)获得清除。
The sale of NRB simplifies Dexterra's business, allows management to focus on our core support services offerings, and pay down debt. The transaction is expected to close near the end of July 2024.
NRB的出售简化了Dexterra的业务,使管理层能够专注于我们的核心支持服务业务,并偿还债务。交易预计在2024年7月底结束。
"We wish the NRB team all the best as they begin a new chapter under ATCO's leadership and we are confident they will continue to deliver quality modular products and projects to their valued clients," said Mark Becker, CEO of Dexterra.
“我们祝愿NRB团队在ATCO领导下开始新篇章,我们相信他们将继续向他们的重要客户交付优质的模块化产品和项目,”Dexterra首席执行官Mark Becker表示。
"ATCO Structures is excited about the opportunity to expand NRB's modular business capabilities, particularly in the manufacturing of multi-family and affordable housing modular construction solutions. There is no doubt that NRB has been a market leader in this space, we want to continue to build on this expertise, and we believe ATCO, a Canadian company that has pioneered the modular industry globally, is a fantastic complement to bring out the best in NRB's future," said Adam Beattie, President of ATCO Structures.
“ATCO Structures对扩展NRB的模块化业务能力,特别是在制造多户和负担得起的住房模块化建筑解决方案方面感到兴奋。毫无疑问,NRB一直是这个领域的市场领导者,我们希望继续发挥这方面的专业技能,我们相信作为组合优势的加拿大公司pioneered the modular industry globally, 将是NRB未来最好的补充。 ”ATCO Structures总裁Adam Beattie说。
NRB has been a trusted name in the offsite building industry for 45 years and has grown into one of the largest modular building solutions providers in Canada.
NRB在现场建筑工业中有45年的信誉保证,并已经成长为加拿大最大的模块化建筑解决方案的提供商之一。
About Dexterra
关于Dexterra
Dexterra employs more than 8,500 people, delivering a range of support services for the creation, management, and operation of infrastructure across Canada.
Dexterra拥有超过8,500名员工,为加拿大基础设施的创建、管理和运营提供一系列的支持服务。
Powered by people, Dexterra brings best-in-class regional expertise to every challenge and delivers innovative solutions, giving clients confidence in their day-to-day operations. Activities include a comprehensive range of integrated facilities management services, industry leading workforce accommodation solutions, innovative modular building capabilities, and other support services for diverse clients in the public and private sectors.
Dexterra凭借人才储备,为每个挑战带来最佳区域专业知识,并提供创新解决方案,让客户对日常运营有信心。活动包括全面的综合设施管理服务,行业领先的员工住宿解决方案,创新的模块化建筑能力,以及面向公共和私营部门的其他支持服务。
For further information contact:
有关更多信息,请联系:
Denise Achonu, CFO
Head office: Airway Centre, 5915 Airport Rd., 4th Floor Mississauga, Ontario L4V 1T1
Telephone: (905) 270-1964
Denise Achonu,首席财务官
总部:安大略省密西沙加机场路5915号,四楼 T1T1
电话:(905) 270-1964
You can also visit our website at dexterra.com.
您也可以访问我们的网站dexterra.com。
Forward-Looking Information
前瞻性信息
Certain statements contained in this news release may constitute forward-looking information under applicable securities law. Forward-looking information may relate to Dexterra's future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as "continue"; "forecast"; "may"; "will"; "project"; "could"; "should"; "expect"; "plan"; "anticipate"; "believe"; "outlook"; "target"; "intend"; "estimate"; "predict"; "might"; "potential"; "continue"; "foresee"; "ensure" or other similar expressions concerning matters that are not historical facts. In particular, statements regarding the modular sale transaction and its anticipated closing date, management's future focus and the repayment of debt are forward-looking statements. These statements are based on certain factors and assumptions, including satisfying all closing conditions, such as anticipated competition clearanceand other consents, expected growth, market recovery, results of operations, performance and business prospects and opportunities regarding Dexterra, which Dexterra believes are reasonable as of the current date. While management considers these assumptions to be reasonable based on information currently available to Dexterra, they may prove to be incorrect. Forward-looking information is also subject to certain known and unknown risks, uncertainties and other factors that could cause Dexterra's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward- looking information, including, but not limited to: the ability to retain clients, renew existing contracts and obtain new business; an outbreak of contagious disease that could disrupt its business; the highly competitive nature of the industries in which Dexterra operates; reliance on suppliers and subcontractors; cost inflation; volatility of industry conditions could impact demand for its services; a reduction in the availability of credit could reduce demand for Dexterra's products and services; Dexterra's significant shareholder may substantially influence its direction and operations and its interests may not align with other shareholders; its significant shareholder's 49% ownership interest may impact the liquidity of the common shares; cash flow may not be sufficient to fund its ongoing activities at all times; loss of key personnel; the failure to receive or renew permits or security clearances; significant legal proceedings or regulatory proceedings/changes; environmental damage and liability is an operating risk in the industries in which Dexterra operates; climate changes could increase Dexterra's operating costs and reduce demand for its services; liabilities for failure to comply with public procurement laws and regulations; any deterioration in safety performance could result in a decline in the demand for its products and services; failure to realize anticipated benefits of acquisitions and dispositions; inability to develop and maintain relationships with Indigenous communities; the seasonality of Dexterra's business; inability to restore or replace critical capacity in a timely manner; reputational, competitive and financial risk related to cyber-attacks and breaches; failure to effectively identify and manage disruptive technology; economic downturns can reduce demand for Dexterra's services; its insurance program may not fully cover losses. Additional risks and uncertainties are described in Note 22 of the Corporation's Consolidated Financial Statements for the year ended December 31, 2023 and 2022 contained in its most recent Annual Report filed with securities regulatory authorities in Canada and available on SEDAR+ at sedarplus.ca. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Dexterra is under no obligation and does not undertake to update or alter this information at any time, except as may be required by applicable securities law.
本新闻稿中包含的某些声明可能构成适用证券法下的前瞻性信息。前瞻性信息可能涉及Dexterra未来的展望和预期事件、业务、运营、财务表现、财务状况或结果,在某些情况下,可以通过诸如“continue”;“预测”;“可以”;“将”;“项目”; “可以”;“应该”;“预计”;“计划”;“期待”;“相信”;“展望”;“目标”;“打算”;“估计”;“预测”;“可能”;“潜在”;“继续”;“预见”;“确保”或其他类似表达描述未来情况,或关于事项的术语不是历史事实。特别是,关于模块销售交易及其预计的结束日期,管理层未来的重点以及偿还债务的声明是前瞻性声明。这些声明基于某些因素和假设,包括:满足所有收盘条件,例如预计的竞争审查和其他同意事项,预期的增长,市场恢复,经营业绩和业务前景机会与Dexterra相关,Dexterra认为这些因素和假设是合理的。对于当前可获取的Dexterra信息,尽管管理层认为这些假设是合理的,但它们可能被证明是不正确的。前瞻性信息也受到某些已知和未知的风险、不确定和其他因素的影响,这些因素可能导致Dexterra的实际业绩、表现或成就与此类前瞻性信息不同,其表述或暗示诸如前瞻性信息(如有)。未能受到任何未来结果、业绩或成就的影响,无论是明示或暗示的前瞻性信息,都不应过分重视。这是基于Dexterra当前的信息,Dexterra不承担更新或更改此信息的任何义务,除非适用的证券法另有规定。