Exclusive Networks Announces a Major Step in Its Growth Strategy in APAC with NEXTGEN Group Acquisition [Yahoo! Finance]
FTI Consulting, Inc. (FCN)
Last fti consulting, inc. earnings: 4/30 07:30 am
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Source: Yahoo! Finance
Exclusive Networks (Euronext Paris: EXN), a global leader in cybersecurity, announced the signature of a binding agreement for the acquisition of 100% of the share capital of NEXTGEN Group ("NEXTGEN"), a leading hyper-growth channel services company focused on cybersecurity, data resiliency and digital enterprise in Australia and New Zealand with presence across APAC. Headquartered in Sydney, Australia, NEXTGEN was founded in 2011 and has 190 employees across APAC. In FY-23, ending June 30 th , 2023, NEXTGEN generated Gross Sales of AU$266m (€160 m), with expected double-digit growth for the years to come. This operation fits perfectly with Exclusive Networks' external growth strategy. NEXTGEN presents a promising hyper growth vendor portfolio, coupled with a wide array of services. This value-enhancing transaction will make Exclusive Networks a clear go to market leader in Australia and New Zealand generating commercial and financial synergies thanks to the complementarity nat
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- 4/25/24 - Beat
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