ASX-listed Synergy Plus (SNR) today announced that it has completed a $3.9 million acquisition of systems integrator Leading Solutions.
Leading Solutions, which was established in the 1980s, was said to be a victim of the global financial crisis.
All 220 of its employees were terminated by administrators on Friday 13th November; however, more than 30 ex-staff members returned to the fold after Synergy took the reins.
Synergy Plus's Acting CEO Peter Cappendell said that the integration has gone smoothly and has been a timely investment for the organisation.
The company anticipates a $1.5 million to $1.6 million operating profit before tax for the first half of the financial year.