NEC to Acquire IT Services Business of CSG for up to A$260m, 7.5*EV/EBITDA

30th May 2012. CSG Limited (ASX: CSV) has announced an agreement to sell its Technology Solutions business to NEC Australia, a wholly owned company of Tokyo-listed NEC Corporation(TYO:6701). The transaction, for CSG’s managed services, enterprise services and strategic consulting business, comprises a base consideration of A$227.5 million; and a potential earn-out payment of up to […]

CSG Acquires Aromba Technologies

11th May 2010. ASX listed CSG Australia (CSG) announced today that it intends to acquire Aaromba Technologies Proprietary Limited (Aromba), a Sydney based CRM and IT service desk business. The acquisition will be funded through a $2 million component of a $40m institutional placement underwritten by Macquarie Capital Advisers (for details see 11/5/2020 CSG Canon […]

CSG Acquires Print Service Business from Canon for A$31m

11th May 2010. ASX listed IT and print services firm CSG Limited (“CSG”) announces that it has entered into agreements with Canon Australia (“Canon”) to become a Canon Multi-Function Device (“MFD”) dealer in Sydney, Melbourne, Canberra, Adelaide and Perth. As part of the new agreements, CSG has also acquired sub-contractor rights over an existing portfolio […]

CSG Acquires NZ's Onesource Group for A$104m

10th Dec 2009. CSG Limited (“CSG”) announces it has entered into an agreement to acquire a 90% interest in New Zealand’s market leading print services business Konica Minolta Business Solutions New Zealand Limited (“KMBS”) for NZ$107 million (A$84 million) and 100% of Leasing Solutions Limited (“LSL”) a provider of document management and print solutions, for […]

CSG buys 2nd Oracle specialist Delexian

31 July 2009. ASX-listed Darwin-based IT services company CSG has announced plans to acquire west coast Oracle Advantage partner Delexian. The acquisition is expected to be complete within 14 days. Certified Oracle advantage partner Delexian serves private and government customers in Perth, Melbourne and Canberra. CSG intends to integrate it into its enterprise services division and […]

Commander Slowly Sold Off but Core Telco Asset Sale Collapses

Jan 2009. The sale of formerly ASX-listed Commander’s telco assets to the newly formed Commander Telecom Group has collapsed. The embattled ASX-listed integrator’s employees and Commander Centre franchise owners were informed by receivers, McGrathNicol, on January 27 by letter that the deal had fallen through. The receivers have been unable to secure a commercially agreeable […]

CSG Acquires Print Mgt Firm ATI Group

13th Aug 2008. ASX listed IT services company CSG Limited (CSG) has bought Canberra-based outsourced printer management business ATI Group (ATI). The terms have not been disclosed. ATI carries out outsourced management of printer fleets, including procurement, ownership, management, break fix and help desk services. According to CSG Limited CEO Denis Mackenzie, the drivers for […]

CSG acquires Change Corporation for $20m Plus Earnout

13th Dec 2007. listed Darwin-based Australian ITC provider CSG has acquired fast growing WA-based service provider, Change Corporation, a consulting and integration services business. CSG will pay 6 times 2008 Profit Before Tax (PBT), with an initial payment of $20 million, for Change Consulting. The deal includes an earnout that requires CSG to pay five times […]

CSG Lists on ASX Ahead of Schedule

19th April 2007. Northern Territory information technology services company CSG Limited was today listed on the Australian Stock Exchange, a week ahead of time, due to very strong demand from investors. Attending the listing ceremony at the ASX in Melbourne today, CSG Managing Director Denis Mackenzie said today’s listing was a significant achievement for a […]