TORONTO und GATINEAU, QC, 3. April 2025 /PRNewswire/ -- Converge Technology Solutions Corp. („Converge" oder das „Unternehmen") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) gab heute bekannt, dass das Unternehmen einer Änderung (die „Änderung") der zuvor bekannt gegebenen Vereinbarung vom 6. Februar 2025 (das „Arrangement Agreement") mit einer Tochtergesellschaft von H.I.G. Capital („H.I.G.") zugestimmt hat, wobei H.I.G. zugestimmt hat, alle ausgegebenen und ausstehenden Stammaktien (die „Stammaktien") des Unternehmens zu erwerben (das „Arrangement"). Gemäß den Bedingungen der Änderung werden die Aktionäre 6,00 CAD pro Stammaktie in bar erhalten (von zuvor 5,50 CAD pro Stammaktie), mit Ausnahme der Stammaktien, die von bestimmten Aktionären gehalten werden, die Rollover-Equity-Vereinbarungen eingehen. Definierte Begriffe, die hier verwendet werden und nicht anderweitig definiert sind, haben die Bedeutung, die ihnen im Arrangement Agreement gegeben wurde.
TORONTO and GATINEAU, QC, April 2, 2025 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agreed to amend (the "Amendment") the previously announced arrangement agreement dated February 6, 2025 (the "Arrangement Agreement") with an affiliate of H.I.G. Capital ("H.I.G."), whereby H.I.G has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of the Company (the "Arrangement"). Under the terms of the Amendment, shareholders will receive C$6.00 per Common Share in cash (up from C$5.50 per Common Share), other than Common Shares held by certain shareholders who enter into rollover equity agreements. Defined terms used herein that are not otherwise defined have the meaning given to them in the Arrangement Agreement.
TORONTO and GATINEAU, QC, April 1, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agreed to amend (the "Amendment") the previously announced arrangement agreement dated February 6, 2025 (the "Arrangement Agreement") with an affiliate of H.I.G. Capital ("H.I.G."), whereby H.I.G has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of the Company (the "Arrangement"). Under the terms of the Amendment, shareholders will receive C$6.00 per Common Share in cash (up from C$5.50 per Common Share), other than Common Shares held by certain shareholders who enter into rollover equity agreements. Defined terms used herein that are not otherwise defined have the meaning given to them in the Arrangement Agreement.
TORONTO and GATINEAU, QC, April 1, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agreed to amend (the "Amendment") the previously announced arrangement agreement dated February 6, 2025 (the "Arrangement Agreement") with an affiliate of H.I.G. Capital ("H.I.G."), whereby H.I.G has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of the Company (the "Arrangement"). Under the terms of the Amendment, shareholders will receive C$6.00 per Common Share in cash (up from C$5.50 per Common Share), other than Common Shares held by certain shareholders who enter into rollover equity agreements. Defined terms used herein that are not otherwise defined have the meaning given to them in the Arrangement Agreement.
TORONTO und GATINEAU, QC, Kanada, 27. März 2025 /PRNewswire/ -- Converge Technology Solutions Corp. („Converge" oder „Unternehmen") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) freut sich bekannt zu geben, dass zwei führende unabhängige Beratungsunternehmen, darunter Institutional Shareholder Services Inc. („ISS"), den Inhabern („Aktionären") von Stammaktien von Converge („Aktien") empfohlen haben, für den Sonderbeschluss zu stimmen, mit dem der zuvor angekündigte, gesetzlich vorgeschriebene Plan eines Arrangements gemäß Section 192 des Canada Business Corporations Act („Arrangement") zwischen Converge und 16728421 Canada Inc. („Käufer"), einer Tochtergesellschaft von H.I.G. Capital („H.I.G."), nach dem alle emittierten und ausstehenden Aktien vom Käufer gegen eine Cash-Zahlung von 5,50 C$ je Aktie erworben werden, mit Ausnahme bestimmter Aktien, die von einigen Aktionären gehalten werden, die mit dem Käufer und seinen Tochtergesellschaften Rollover-Equity-Vereinbarungen abgeschlossen haben.
TORONTO and GATINEAU, QC, March 25, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that two leading independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS"), have recommended that holders (the "Shareholders") of common shares of Converge (the "Shares") vote "FOR" the special resolution approving the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement") between Converge and 16728421 Canada Inc. ("the Purchaser"), an affiliate of H.I.G. Capital ("H.I.G."), pursuant to which all of the issued and outstanding Shares will be acquired by the Purchaser for cash consideration of C$5.50 per Share, other than certain Shares held by certain Shareholders who entered into rollover equity agreements with the Purchaser and its affiliates.
TORONTO and GATINEAU, QC, March 25, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that two leading independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS"), have recommended that holders (the "Shareholders") of common shares of Converge (the "Shares") vote "FOR" the special resolution approving the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement") between Converge and 16728421 Canada Inc. ("the Purchaser"), an affiliate of H.I.G. Capital ("H.I.G."), pursuant to which all of the issued and outstanding Shares will be acquired by the Purchaser for cash consideration of C$5.50 per Share, other than certain Shares held by certain Shareholders who entered into rollover equity agreements with the Purchaser and its affiliates.
TORONTO and GATINEAU, QC, March 25, 2025 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that two leading independent proxy advisory firms, including Institutional Shareholder Services Inc. ("ISS"), have recommended that holders (the "Shareholders") of common shares of Converge (the "Shares") vote "FOR" the special resolution approving the previously announced statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement") between Converge and 16728421 Canada Inc. ("the Purchaser"), an affiliate of H.I.G. Capital ("H.I.G."), pursuant to which all of the issued and outstanding Shares will be acquired by the Purchaser for cash consideration of C$5.50 per Share, other than certain Shares held by certain Shareholders who entered into rollover equity agreements with the Purchaser and its affiliates.
TORONTO, ON and GATINEAU, QB, March 20, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX:CTS) is pleased to announce that CRN, a brand of The Channel Company, has recognized Converge on its 2025 Tech Elite 250 list. This is Converge's fourth consecutive year on the list.
This annual list highlights solution providers based in the U.S. and Canada that are committed to excellence and distinguish themselves by attaining top-tier certifications and specializations from leading technology vendors in the areas of artificial intelligence (AI), infrastructure, cloud, and security.
TORONTO, ON and GATINEAU, QB, March 20, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX:CTS) is pleased to announce that CRN, a brand of The Channel Company, has recognized Converge on its 2025 Tech Elite 250 list. This is Converge's fourth consecutive year on the list.
This annual list highlights solution providers based in the U.S. and Canada that are committed to excellence and distinguish themselves by attaining top-tier certifications and specializations from leading technology vendors in the areas of artificial intelligence (AI), infrastructure, cloud, and security.
TORONTO und GATINEAU, QC, 16. März, 2025 /PRNewswire/ -- Converge Technology Solutions Corp. („Converge" oder das „Unternehmen") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) freut sich, bekannt zu geben, dass sein Management Information Circular (das „Rundschreiben") in Verbindung mit der bevorstehenden außerordentlichen Hauptversammlung des Unternehmens (die „Versammlung") der Inhaber (die „Aktionäre") von Stammaktien von Converge (die „Aktien") jetzt unter dem Profil von Converge auf SEDAR+ (www.sedarplus.ca) sowie auf der Website des Unternehmens unter https://convergetp.com/investor-relations/special-meeting-vote/ verfügbar ist. Der Versand des Rundschreibens und der zugehörigen Unterlagen für die Versammlung an die Aktionäre hat ebenfalls begonnen.
TORONTO and GATINEAU, QC, March 14, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce its management information circular (the "Circular") in connection with the Company's upcoming special meeting (the "Meeting") of the holders (the "Shareholders") of common shares of Converge (the "Shares") is now available under Converge's profile on SEDAR+ (www.sedarplus.ca) as well as on the Company's website at https://convergetp.com/investor-relations/special-meeting-vote/. The mailing of the Circular and related materials for the Meeting, to Shareholders, has also commenced.
TORONTO and GATINEAU, QC, March 14, 2025 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce its management information circular (the "Circular") in connection with the Company's upcoming special meeting (the "Meeting") of the holders (the "Shareholders") of common shares of Converge (the "Shares") is now available under Converge's profile on SEDAR+ (www.sedarplus.ca) as well as on the Company's website at https://convergetp.com/investor-relations/special-meeting-vote/. The mailing of the Circular and related materials for the Meeting, to Shareholders, has also commenced.
TORONTO and GATINEAU, QC, March 14, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce its management information circular (the "Circular") in connection with the Company's upcoming special meeting (the "Meeting") of the holders (the "Shareholders") of common shares of Converge (the "Shares") is now available under Converge's profile on SEDAR+ (www.sedarplus.ca) as well as on the Company's website at https://convergetp.com/investor-relations/special-meeting-vote/. The mailing of the Circular and related materials for the Meeting, to Shareholders, has also commenced.
TORONTO und GATINEAU, QC, 7. März 2025 /PRNewswire/ -- Converge Technology Solutions Corp. („Converge" oder das „Unternehmen") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) freut sich, seine Finanzergebnisse für die drei Monate und das Geschäftsjahr zum 31. Dezember 2024 bekannt zu geben. Alle Angaben sind, sofern nicht anders angegeben, in kanadischen Dollar.
Höhepunkte im vierten Quartal 2024 (im Vergleich zum Vorjahr, sofern nicht anders angegeben):
Der Bruttoumsatz1 in Höhe von 1,11 Milliarden CAD, ein Anstieg um 27,4 Millionen CAD oder 2,5 %;Organisches Wachstum des Bruttoumsatzes1 von 3,0 % und organisches Wachstum des Bruttogewinns1 von (0,0 %);Einnahmen in Höhe von 680,8 Millionen CAD, ein Anstieg um 29,7 Millionen CAD oder 4,6 %;Der Bruttogewinn sank um 1,6 % auf 178,6 Mio. CAD, was einer Bruttomarge von 26,7 % entspricht;Das bereinigte EBITDA1 stieg um 3,0 % auf 47,9 Millionen CAD;Der Cashflow aus laufender Geschäftstätigkeit belief sich auf 57,0 Millionen CAD, ein Rückgang um 57,5 Millionen CAD gegenüber 114,5 Millionen CAD im Vergleichszeitraum des Vorjahres;Kapitalrückfluss an die Aktionäre in Höhe von 20,6 Millionen CAD1 im Vergleich zu 4,7 Millionen CAD an die Aktionäre im 4. Quartal des Geschäftsjahres 2023 undVerringerung der Nettoverschuldung1 um 14,5 Millionen CAD von 127,9 Millionen CAD im 3. Quartal 2024; Beibehaltung eines Verschuldungsgrads1 unter das 0,7-fache.TORONTO and GATINEAU, QC, March 5, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2024. All figures are in Canadian dollars unless otherwise stated.
Fourth Quarter 2024 Highlights (year-over-year, unless otherwise noted):
TORONTO and GATINEAU, QC, March 5, 2025 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2024. All figures are in Canadian dollars unless otherwise stated.
Fourth Quarter 2024 Highlights (year-over-year, unless otherwise noted):
Gross sales1 of $1.11 billion, an increase of $27.4 million or 2.5%;Gross sales organic growth1 of 3.0% and gross profit organic growth1 of (0.0%);Revenue of $680.8 million, an increase of $29.7 million or 4.6%;Gross profit decreased 1.6% to $178.6 million, representing a gross margin of 26.7%;Adjusted EBITDA1 increased by 3.0% to $47.9 million;Cash from operating activities was $57.0 million, a decrease of $57.5 million, compared to $114.5 million for the comparative period in the prior year;Returned $20.6 million of capital to shareholders1 as compared to $4.7 million return of capital to shareholders in Q4 FY23; andReduced net debt1 by $14.5 million from $127.9 million at Q3 2024; maintaining a leverage ratio1 below 0.7x.TORONTO and GATINEAU, QC, March 5, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) is pleased to provide its financial results for the three months and fiscal year ended December 31, 2024. All figures are in Canadian dollars unless otherwise stated.
Fourth Quarter 2024 Highlights (year-over-year, unless otherwise noted):
TORONTO and GATINEAU, QC, Feb. 13, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce that CRN®, a brand of The Channel Company, has recognized Converge on its Managed Service Provider (MSP) 500 list in the Elite 150 category for 2025. This is Converge's fourth year on the MSP 500 list, ranking in the Elite 150 category each year, consecutively.
TORONTO and GATINEAU, QC, Feb. 13, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce that CRN®, a brand of The Channel Company, has recognized Converge on its Managed Service Provider (MSP) 500 list in the Elite 150 category for 2025. This is Converge's fourth year on the MSP 500 list, ranking in the Elite 150 category each year, consecutively.
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