CEDA International divests subsidiary Ainsworth to GDI

Ainsworth Inc., a Canadian technical-services provider with over 750 employees across 12 locations, is being sold by its parent CEDA International Corp. to GDI for ~$20.5 million cash-free, debt-free.

“GDI will acquire Ainsworth for a purchase price of approximately $20.5 million on a cash-free, debt-free basis, subject to certain closing adjustments including working capital.”

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