BTS : has signed an agreement to acquire all businesses from The Synergy Group Pty Ltd.
January 04, 2016 at 05:53 pm
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Monday, January 04, 2016 | Category :
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-Positions the firm as a market leader in Australia, thus further extending its world-leadingsales transformationcapabilities.
STOCKHOLM, SWEDEN and SYDNEY, AUSTRALIA-BTSGROUP AB (publ) - announced that it has signed an agreement to acquire all the businesses ofThe Synergy Group Pty Ltd. a leading Australian provider of sales transformation solutions, assessment, development services, and consulting services.
"The Synergy acquisition marks a natural extension of BTS'ssales transformationandassessmentsolutions. The acquisition opens new opportunities for both BTS and Synergyclientsto accelerate their growth by improving their selling capabilities," saysHenrik Ekelund, President and CEO of BTS Group AB.
The Synergy Group CEO, Katherine Edgar says, "We are delighted to join forces with
BTS. Transforming companies into world-class, high performing organizations is Synergy's reason for being, and we could not have hoped for a better partner than BTS to enable our vision.
The acquisition will significantly contribute to theBTS Australiabusiness and will grow the size of the BTS AustraliaSales Practiceconsiderably. The additional resources will allow BTS to significantly increase our penetration of this key market. Synergy's annual revenues is averaging AUD 3 million.
"BTS's strategy for acquisitions aims to create a broader base for future organic growth while actively consolidating a highly fragmented market. Through its acquisitions, BTS also seeks to gain the opportunity to serve new and existing customers with innovative services based on next-generation, innovative technologies and processes," concludes Henrik Ekelund.
Information on the Transaction About the acquisition, price and financing
BTS will acquire the business and key assets of The Synergy Group Systems Pty Ltd. including talent, technology, intellectual property, brands, and equipment, and assuming some liabilities.
Synergy will be consolidated as of December 1, 2015. The acquisition is estimated to have a positive impact on BTS earnings per share in 2016. No further financial facts are disclosed.
For more information, please contact:
Thomas Ahlerup
Senior Vice President
Financial Communications and Investor Relations
BTS Group AB
Phone +46-8-5870 7002
Mobile +46-768-966 300
E-mail thomas.ahlerup@bts.com
BTS Group AB issued this content on 2016-01-04 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-04 22:52:07 UTC
Original Document: http://www.bts.com/news-insights/news-press/news-and-press-releases/2016/01/04/bts-group-has-signed-an-agreement-to-acquire-all-businesses-from-the-synergy-group-pty-ltd
BTS Group AB (BTS) is a Sweden-based learning and development consultancy company. BTS uses customized simulation models to support executive management in making change and improving profitability. The Companyâs solutions and services train the corporate organization to analyze and make decisions centered on the factors that promote growth and profitability. It has three practice areas: Strategic Alignment & Business Acumen, Leadership, and Sales Force Transformation. BTS customers include such companies as Accenture, Deloitte, Humana, Schlumberger, Unilever, AT&T, Coca-Cola, Sony, Microsoft, Vodafone, BBVA, Ericsson, Telefonica, National Australia Bank, Telstra, Xerox, BG, GAP, Texas Instruments, HP, Toyota, and others. The Company has subsidiaries in Sweden, Finland, the United States, Australia, South Africa, Mexico, Italy, Spain, Belgium, Switzerland, Singapore and Thailand, among others. It operates through Wizerize A/S, Cesim Italia Srl and Design Innovation Srl, among others.
BTS GROUP AB 
