AMS and VIT set for February merger
- 01 November, 2001 09:44
Volante Group CEO Allan Brackin has decided to bite the bullet and consolidate the company's two IT procurement businesses, AMS and VIT.
Aiming to complete the integration of the two businesses by the February 1, 2002, Brackin said the next few months will see VIT managing director Hugh Bickerstaff and AMS managing director Shane Taylor organise the melding of their businesses.
The name of the consolidated company is yet to be determined. Brackin said it is unlikely to be named VIT or AMS, and most likely it will just be called Volante.
Brackin said the move to consolidate the two businesses has always been on the agenda, but the group needed time to "get to know each other" under the Volante umbrella before the merger could take place in a smooth fashion.
As yet, Bickerstaff and Taylor are still hammering out the details of how to consolidate several buildings, staff and most importantly back-end systems.
Brackin said AMS recently implemented a new back-end system but he is unsure of which system will be chosen. "It's early days just yet," he said.
Bickerstaff has been asked to lead the new company, while Taylor will take on an important new role within the Volante Group.
"The customer base for the two businesses are different so I don't see too many issues," he said. "We will plan this very well - take our time and make sure we cover the risks."
Volante expects earnings growth for the full financial year.