ASX-listed information technology firm UXC has acquired the Dutch-owned technology services provider Getronics Australia for an undisclosed sum.
With calendar year 2007 revenues of some $126 million, Getronics Australia will be the largest acquisition that UXC has completed.
Headquartered in Sydney, Getronics Australia provides national coverage to metropolitan and regional centres and employs 525 staff nationwide.
The acquisition strengthens UXC’s existing professional and communications services capabilities and provides a significant new Managed Services capability.
The transaction also provides further scale to UXC and is a strategic fit into UXC’s Business Solutions Group.
Getronics Australia will join the UXC Business Solutions Group as a business unit in its Infrastructure division. Getronics Australia managing director Paul Timmins will report to UXC Business Solutions Group chief executive Cris Nicolli.
The company originated in 1972 as Wang Australia, before being purchased by the Dutch group Getronics in 1999, which itself was purchased in 2007 by KPN, a leading Dutch provider of IT and telecommunications services.
KPN's strategy to focus on major markets to service the international client base and work through service partners in other markets gave its Australian operations with the opportunity to join UXC.
“We view joining UXC as providing the company with the opportunity to both continue and accelerate the growth path we have been on in the last couple of years,” Getronics managing director Mr Timmins said.
“We anticipate that working with a local parent, within the UXC business model of freedom within boundaries, will provide us with a higher degree of agility and flexibility,” he said.
“We expect that this will improve our prospects, responsiveness to customers and efficiency, and thus our bottom line.”
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Wednesday, February 6, 2008
UXC acquires Getronics Australia
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