UXC to acquire Getronics Australia

Largest buy to date

Local services company UXC yesterday announced the acquisition of Getronics Australia Pty Ltd.

In 2007 Getronics Australia boasted revenues of $126 million which will boost UXC's existing capability in professional and communications services, particularly unified services.

It will also provide the ASX-listed company with a significant new capability in managed workspace services.

The acquisition will finalised on February 29, 2008 and is the largest acquisition completed by UXC to date.

UXC business solutions group CEO, Cris Nicolii, said the deal makes the company the largest provider of independent IT services in the Australian market.

"Getronics Australia complements and boosts our strength in communications and professional services with our existing business units C4 and Integ Communication," he said.

"It also adds market leading capability in the fast-growing sector of managed workspace services and unified communications."

Getronics Australia is headquartered in Sydney and employs 525 staff.

The staff including the management team will join UXC's business solutions group which services a blue chip customer base that includes multi-year service agreement contracts with clients such as the RTA, Queensland Health, Optus, Medibank, Tabcorp the Department of Defence, and Energy Australia.

"Getronics will increase the breadth and depth of solutions available to UXC's customers and provider greater choice," Nicolli said.

"In a tight skills market, the acquisition of specialist capability and a significant number of highly skilled consultants clearly positions UXC as a leading provider of managed services in the Australian market."

Getronics Australia will join the UXC business solutions group as a business unit in the infrastructure division of that group.

It will continue to service Getronics global accounts, with the opportunity to service the ANZ operations of future multi-national customers.

- with Sandra Rossi

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