Business solutions company, UXC, has extended it presence in the telecommunications space with the acquisition of AAS Consulting through its Gibson Quai business unit. The purchase is yet another in a spate of acquisitions by the company over the last 18 months.
UXC company secretary, Mark Hubbard, said the company viewed Gibson Quai and AAS Consulting as the two premium names in the telecommunications consulting market.
“To bring them both together creates a true leadership position for us in that segment,” he said.
UXC had been a very acquisitive company for some time, based largely on an announced acquisition budget of some $30 million for the 2004 financial year, Hubbard said.
The strategy behind the continual acquisitions was to acquire bolt-on companies active in the same space as UXC, he said.
“Our underlying strategy in those acquisitions is to develop a leadership position in the segments of the market we are operating in,” Hubbard said.
“We’re increasing the strength of the asset that we have by improving its value through buying existing products or service or taking the asset into a different space.”
UXC provides asset and data management services through its Utility Services Group, consulting, implementation and integration, application and infrastructure services through its Business Solutions Group and intellectual property services through its Intellectual Property Ventures Group.
Recent acquisitions include Telsyste, the final 50 per cent stake of Skilltech, Planpower, Data#3’s Navision business and Red Rock Consulting. Red Rock, which was acquired six months ago, was closely aligned with UXC’s e-BI Consulting business, Hubbard said. As a result, UXC had recently opted to shift the management side of e-BI to the smaller subsidiary.
“The synergies of that company with Red Rock meant that it was a better situation for UXC to have e-BI under Red Rock management,” Hubbard said.
He said UXC’s expectation to improve on its net-profit and revenue for the June 30 2004 financial year remained and the company would look towards further acquisitions.