SKS Acquires Integrated Solutions
SKS Technologies is thrilled to inform everyone that today SKS Technologies has entered into a binding agreement to acquire Integrated Solutions Group Queensland (Integrated Solutions).
Integrated Solutions is a specialist provider of IT project management, consultancy and ongoing support services, including network design, cyber security, data hosting, and procurement to a client list that is similar and complementary to that of SKS Technologies.
Integrated Solutions brings 32 employees based in its Brisbane office and will continue to operate in Brisbane, and SKS Technologies will leverage its current footprint to enable growth nationally.
Chief Executive Officer, Matthew Jinks said,said, “This acquisition fits into the third cornerstone of our strategy, Technology Expansion, which aims to drive higher margins with a recurring revenue model by leveraging the convergence of IT and Audio Visual networks Much of our traditional work on projects in the AV space requires close collaboration with IT providers to ensure an end result that is seamlessly high functioning Having worked with Integrated Solutions on a number of successfully delivered projects, the concept of bringing those skills and expertise in house is a logical and compelling extension of what we already offer our customers.”
Mr Jinks said, “We employ a very disciplined approach to our acquisitive growth, with a specific set of criteria used to assess potential targets, including specifically no or low debt, no inventory, additional working capital, high margins, a recurring revenue model and excellent growth prospects Integrated Solutions ticks all of these boxes, including deriving approximately 61 of its revenue from recurring income structured under one to two year agreements.”