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
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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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