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SKS Technologies Group Limited ( (AU:SKS) ) has shared an update.
SKS Technologies Group Limited has completed the acquisition of Sydney-based Delta Elcom Pty Ltd, a specialist electrical and communications contractor with approximately $25 million in annual revenue and deep expertise in data centre infrastructure, network cabling and integrated technology systems. The deal, comprising $10.5 million in upfront cash, $2 million in SKS shares and an earn-out of up to $1.25 million, is intended to accelerate SKS Technologies’ push for greater market share in the New South Wales data centre sector while strengthening its capabilities and pipeline in its traditional markets across complex infrastructure projects nationwide.
The most recent analyst rating on (AU:SKS) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on SKS Technologies Group Limited stock, see the AU:SKS Stock Forecast page.
More about SKS Technologies Group Limited
SKS Technologies Group Limited is an Australian provider of electrical technologies and digital infrastructure, specialising in the design and installation of audio-visual, communications and electrical solutions. The company operates nationally across a wide range of sectors including data centres, defence, mining, health, retail and commercial buildings, positioning itself as a diversified contractor in mission-critical and commercial environments.
Average Trading Volume: 283,410
Technical Sentiment Signal: Buy
Current Market Cap: A$442.8M
For an in-depth examination of SKS stock, go to TipRanks’ Overview page.