Singtel's NCS acquires Aussie IT company The Dialog Group for A$325m
Move is to help NCS gain a foothold in Australia very quickly, says CEO Ng Kuo Pin
Singapore
NCS, Singtel's technology services arm, announced on Monday (Mar 7) that it would acquire Australian IT services company The Dialog Group for A$325 million (S$328 million) as it looks to further its plans to be a pan-Asian business-to-business (B2B) digital services provider.
The acquisition is expected to be completed in 3 months, subject to the approval of regulators and other third parties. A$290 million of the consideration will be paid once the acquisition is completed, while an additional A$35 million will be paid out in tranches within 2 years after.
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