PS&C has acquired IT services provider NTH Consulting to expand its customer reach into the federal government and the Australian Capital Territory government.
The acquisition is expected to extend PS&C’s capabilities across strategy and governance, cyber security, technology and project services, service integration and management.
“The acquisition of NTH Consulting extends our footprint into a new region that gives us access to the federal and ACT governments where cyber security and governance are becoming increasingly important issues,” PS&C managing director Glenn Fielding said.
“This platform combined with our existing capabilities and the outstanding growth potential of NTH makes it a strong fit for PS&C.”
PS&C said NTH complements its existing business and growth strategy, and could help NTH expand its sales coverage and marketing initiatives.
The acquisition was valued at four times near-term EBIT of $250,000 and earnout, paid with a mixture of PS&C scrip and cash.
PS&C said it forecasts NTH will generate revenues of up to $1.6 million for the current financial year, and is expected to grow to between $7.5 million and $8.5 million in the 2019 financial year.
Last month, PS&C acquired Melbourne-based business and technology consultancy Seisma, adding 120 staff working with customers across the financial, communications and utility sectors.