{"id":3109,"date":"2024-10-08T07:10:00","date_gmt":"2024-10-08T11:10:00","guid":{"rendered":"https:\/\/calian.stage.tbkdev.com\/dev\/calian.com\/src\/resources\/?post_type=news-media&p=3109"},"modified":"2025-01-17T15:41:38","modified_gmt":"2025-01-17T20:41:38","slug":"growing-nuclear-industry-and-recent-acquisition-continue-to-strengthen-calian-nuclear-results","status":"publish","type":"news-media","link":"https:\/\/calian.stage.tbkdev.com\/dev\/calian.com\/src\/resources\/news-media\/growing-nuclear-industry-and-recent-acquisition-continue-to-strengthen-calian-nuclear-results\/","title":{"rendered":"Growing nuclear industry and recent acquisition continue to strengthen Calian nuclear results\u00a0\u00a0"},"content":{"rendered":"\n
\n

OTTAWA, October 8, 2024 \u2013 Calian Group Ltd. (TSX: CGY) has announced it secured a number of new contracts in the fourth quarter for its nuclear and environmental services division, marking significant growth in the last quarter of FY2024 ending on September 30. The new contracts\u201419 in total\u2014represent a 58% increase over Q3 FY2024, primarily driven by the successful integration of MDA’s nuclear assets and strong organic growth.  <\/p>\n\n\n\n

The acquisition of MDA\u2019s nuclear division in March 2024 has allowed Calian to capitalize on increased synergies across its nuclear business, through the addition of engineering, tooling and robotics expertise, enhancing its capacity to deliver comprehensive, end-to-end solutions for Canada\u2019s growing nuclear sector. The new contracts span major new nuclear projects in Ontario, Saskatchewan and New Brunswick, supporting life-extension programs for Canada\u2019s existing nuclear facilities and support for next-generation technologies like small modular reactors (SMRs). This expansion has also led to a doubling of the division\u2019s workforce to meet the growing demand for FY2025. <\/p>\n\n\n\n

“The integration of MDA\u2019s nuclear assets has been pivotal in expanding our capabilities and market reach within the nuclear sector,\u201d\u202fsaid Patrick Houston, Chief Financial Officer and Chief Development Officer, Calian. \u201cThis strategic acquisition has enabled us to deliver more robust and comprehensive solutions for our clients, further strengthening Calian\u2019s position as a leader in nuclear services. Our Q4 contract signings highlight the increasing trust that our clients place in us to provide cutting-edge, safe and reliable solutions in an industry critical to achieving global sustainability goals.”\u202f  <\/p>\n\n\n\n

The global nuclear energy market continues to grow, driven by the demand for clean, sustainable energy to address climate change. In Canada, the federal government\u2019s 2024 budget reinforced its commitment to nuclear energy as a key tool in reaching net-zero emissions by 2050. Calian\u2019s nuclear and environmental services division is committed to supporting this national effort, particularly in delivering advanced solutions for reactor refurbishments and SMR developments. <\/p>\n\n\n\n

\u201cCalian is well-positioned to meet the evolving needs of Canada\u2019s nuclear sector,\u201d said Hani Al Anid, Vice President, Calian Nuclear. “With our expertise and highly skilled team, we can continue to meet the vital demands of our current and future customers and support the needs of both existing and next-generation nuclear projects in Canada and around the world.\u201d <\/p>\n\n\n\n

Calian\u2019s nuclear and environmental services division provides a comprehensive range of services covering the entire nuclear lifecycle. This includes safety analysis, licensing, emergency preparedness, environmental protection, decommissioning, waste management, and cutting-edge systems engineering and robotics. As an approved supplier for all CANDU nuclear utilities in Canada, Calian\u2019s nuclear and environmental services division has a proven track record of ensuring the safety and sustainability of Canada\u2019s nuclear infrastructure for over 25 years. <\/p>\n\n\n\n

To learn more, visit the Calian nuclear and environmental services web page<\/a> on calian.com.  <\/p>\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

OTTAWA, October 8, 2024 \u2013 Calian Group Ltd. (TSX: CGY) has announced it secured a number of new contracts in the fourth quarter for its nuclear and environmental services division, marking significant growth in the last quarter of FY2024 ending on September 30. The new contracts\u201419 in total\u2014represent a 58% increase over Q3 FY2024, primarily driven by the successful …<\/p>\n","protected":false},"featured_media":3112,"template":"","categories":[1],"business_unit":[128],"solution":[],"industry":[112],"type_classification":[],"news_media_type":[95,93,94],"fiscal_year":[171],"class_list":["post-3109","news-media","type-news-media","status-publish","has-post-thumbnail","hentry","category-uncategorized","business_unit-investor-relations","industry-nuclear","news_media_type-investors","news_media_type-news","news_media_type-press-releases","fiscal_year-171"],"acf":{"enable_related_resources_carousel":true,"related_resources_carousel_title":"Related Resources","related_resources_max_posts":3,"related_resources_max_per_type":0,"related_resources_override_solutions":[],"related_resources_override_industries":[],"related_resources_hide_excerpts":false},"yoast_head":"\nGrowing nuclear industry and recent acquisition continue to strengthen Calian nuclear results\u00a0\u00a0 - Resources<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Growing nuclear industry and recent acquisition continue to strengthen Calian nuclear results\u00a0\u00a0 - Resources\" \/>\n<meta property=\"og:description\" content=\"OTTAWA, October 8, 2024 \u2013 Calian Group Ltd. 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