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Colliers International Group Inc. is buying Obsidian Engineering Corp. to boost its energy business in Canada.

DealRead the original at globenewswire.com
Good for CIGI

Colliers' planned purchase would add engineering skills in Alberta and establish a place in Canada's energy sector, making the deal favorable. Its cost is undisclosed, and closing is still pending.

CIGI · Colliers International Group Inc.

AI read · Good for CIGI

The AI's read

This gives Colliers a way to build its engineering work in Alberta and enter Canada's energy sector. Keeping Obsidian's senior team in leadership and making them Englobe shareholders may help retain their knowledge. The deal still needs to close, and its cost was not shared, so the added business has not yet shown what it will earn.

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