Siltek locks down Prion acquisition

Siltek locks down Prion acquisition

Siltek Asia Pacific yesterday completed its acquisition of Prion Technology, sealing the lid on a move that has created another significant force in the distribution market.

The move comes exactly one month after the two companies officially announced their merger intentions.

According to Siltek AP's new MD, Hugh Evans, the message for the market is that Prion will still operate as a separate entity despite the fact it will share a common management and IT infrastructure with the other Siltek companies: Agate Technology Australia and New Zealand, Siltek Communications Australia, printer specialist CIE Pacific, and Advance Pacific Peripherals.

"Prion stays as Prion and Agate remains Agate," Evans asserted, reporting the channel has given the new entity "tremendous feedback".

The Siltek Asia Pacific group now comprises a company with combined revenues of around $350 million per annum.

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