Strategic Move Strengthens VFA’s Facilities Capital Planning Market Position in North America
BOSTON, MA and BURNABY, BC—May 3, 2012—VFA, Inc. and VFA Canada Corporation, the leading providers of end-to-end solutions for facilities capital planning and asset management, today announced that they have signed a purchase agreement to acquire the Altus Capital Planning division of Altus Group. Closing is scheduled to take place on or before June 30, 2012, subject to the satisfaction of certain conditions. The acquisition will enable VFA to build upon its leadership position for facilities capital planning in North America and gain a significant number of impressive customers and partners. Financial terms were not disclosed.
“The combination of VFA and Altus Capital Planning technology will provide us an opportunity to offer the best facilities capital planning solution available in the marketplace today,” said Jerry Kokos, president and CEO, VFA. “VFA will reap the benefits of an economy of scale for the development of innovative technology to help customers worldwide best meet their facilities capital planning challenges. I look forward to this next phase in our company’s growth.”
Altus Capital Planning’s customers represent a cross-section of institutional and corporate sectors including manufacturing, municipalities, telecommunications, provincial governments, universities, colleges, healthcare, financial, and real estate property management organizations.
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