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CVTech Group Inc Signs Letter Of Intent To Acquire B.G. High Voltage Systems Limited

Thursday, 31 Jan 2013 07:00am EST 

CVTech Group Inc announced that it has signed a letter of intent to acquire all the issued and outstanding common shares of B.G. High Voltage Systems Limited (B.G. High Voltage), a provider of electrical services located in Scarborough, Ontario. The letter of intent is subject to customary closing conditions. If all these conditions are met, the transaction could close in April 2013. The proposed purchased price amounts to $2.7 million, subject to post closure adjustments, and would be financed through the Corporation's available liquidities. 

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