Citadel Group is set to acquire Melbourne-based systems integrator Noventus for $5.7 million.
The deal will expand its defence and national security capabilities with Noventus’ specialisations in project management, logistics and engineering advisory services.
Citadel said Noventus will deliver proven systems integration capability to expand Citadel’s service offering and deliver expected revenue synergies from new opportunities.
“The acquisition of Noventus is consistent with our traditional approach to acquisitions and increases the scale of Citadel’s DNS offering, which remains a key industry focus of the group,” Citadel chief executive Darren Stanley said.
“With proven systems integration capabilities, Noventus will reinforce our position as a leading supplier to the defence and national security (DNS) vertical.”
Stanley added that Noventus attained panel access to a number of niche procurement environments in recent years, and would place Citadel in a strong position to win more contracts.
The acquisition is expected to be completed in the next four weeks, and is subject to conditions concerning defence panel memberships.