In Brief: Hostech finalises Accord, Aspirence acquisitions

Anittel, Axxis still in the works

Hostech has completed the acquisition of Accord Technologies and Aspirence.

The deal sees Hostech pay $6 million for Accord and $850,357 for the assets of Aspirence.

The deal was revealed to the ASX in February when it also declared its plans to additionally acquire Anittel ltd and Axxis Pty Ltd.

The four deals were expected to add about $60 million in annualised revenue to the company.

In March Hostech announced it had signed ex-engin CEO Ilkka Tales as the new CEO of the regional ICT services company.

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Tags HostechAnittelAxxis TechnologyAccord TechnologiesAspirence

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