SKS Technologies (ASX: SKS) has completed its acquisition of APEC Technologies Group. The deal, announced last month, involved issuing $1.4 million worth of shares at 17.7 cents per share to APEC’s vendors, with these shares subject to voluntary escrow periods.
The acquisition aligns with SKS’s strategy to enhance its capabilities in the technology sector. CEO Matthew Jinks stated that APEC is highly complementary to SKS’s operations and will contribute to building a leading integrated technology solutions business with nationwide reach. The integration of APEC is expected to provide long-term value to SKS shareholders and customers. Following the announcement, SKS shares were trading at 25 cents per share.
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