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SKS Technologies Group Limited ( (AU:SKS) ) just unveiled an announcement.
SKS Technologies Group Limited has announced its intention to acquire Delta Elcom, a Sydney-based specialist in data centre infrastructure and electrical solutions. This strategic acquisition aims to enhance SKS Technologies’ market share in New South Wales, leveraging Delta Elcom’s expertise in complex infrastructure projects. The acquisition is valued between $13.75 million and $15 million, with a completion date expected in January 2026. The move positions SKS Technologies to capitalize on the growing data centre market in New South Wales, driven by digital infrastructure expansion and investment, thereby accelerating its market reach and earnings growth.
The most recent analyst rating on (AU:SKS) stock is a Hold with a A$3.50 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 specializes in the design and installation of electrical technologies and digital infrastructure, offering a diversified range of services including audio visual, communications, and electrical solutions across Australia. The company serves various industry sectors such as data centres, defence, mining, health, retail, and commercial buildings.
Average Trading Volume: 480,592
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$376.2M
For an in-depth examination of SKS stock, go to TipRanks’ Overview page.