Englobe has announced an agreement to acquire Obsidian Engineering, a Calgary-based company, according to a weekly Western Canadian M&A update. The update listed the transaction under the engineering sector.
The deal stage is announced. The sources do not state a purchase price or any other financial terms, so no amount is reported here.
The sources provide no further detail on the transaction, including its expected closing date, the advisers involved, or the stated rationale for the deal.