Toromont Industries Ltd. reported a strong second quarter of 2018, with revenue increase of 81 percent year over year bringing the company to a total revenue through June 30 of $1.638 billion and basic earnings per share of $0.83, compared to $0.52 through the second quarter of 2017.
Toromont Industries Ltd.
|Address||3131 Highway 7 West P.O. Box 5511, Concord, ON, L4K 1B7, CA|
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Toromont Industries Ltd., a diversified industrials company providing specialized capital equipment and ongoing support to customers in various sectors, today announced that it has entered into a definitive agreement to acquire the businesses and net operating assets of the Hewitt Group of companies in exchange for consideration of $917.7 million cash plus the issuance of 2.25 million Toromont shares (nominally $100 million based on 10 day average share price as at signing) for a total consideration of $1.0177 billion.