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SMS Management & Technology Ltd To Acquire The Birchman Group Asia Pacific Pty Ltd

Tuesday, 24 Sep 2013 08:12pm EDT 

SMS Management & Technology Ltd announced that it had signed an agreement to acquire 100% of the issued share capital in The Birchman Group Asia Pacific Pty Ltd (Birchman Asia Pacific) for $25 million, comprising of an up-front payment of $12.5 million in cash, to be funded by debt, followed by two further payments conditional on profit performance over a two-year period. Birchman Asia Pacific is an established IT solutions provider headquartered in Perth offering a full range of Business Consulting, Integration and Managed Services to enterprise and Government clients in Western Australia. 

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