SKS Technologies Acquisition of APEC Technologies
SKS Technologies is please to announce that it has entered into a blinding agreement to acquire APEC Technologies Group. The acquisition represents the development of the strategy to grow capacity as well as capability, and capture rapidly emerging opportunities in the sector.
Based in Victoria, APEC Technologies Group is focused on providing fibre networking, communications and electrical solutions nationally to a blue-chip client base that includes major banks, telcos, retailers, sporting facilities, healthcare and hospitals, education institutions, defence and government organisations.
CEO, Matthew Jinks said “Combining these two businesses is an obvious next step for SKS Technologies, given the similarities in our client bases and the services we offer. It gives us the strength of a workforce that can provide innovative technical solutions, including converged fibre networks for smart buildings, on a larger range of projects combined with the scale of economies that come with a more efficient business structure.”
Completion of the transaction is expected to be achieved in late March 2021.