ASX-listed provider of healthcare communication and clinical workflow management solutions Austco Healthcare (Austco) has acquired New Zealand-based systems integrator G&S Technologies.
Founded in 2000, G&S Technologies specialises in the installation, service, and maintenance of Nurse Call, Real-Time Location Systems (RTLS), CCTV, Access Control, and other integrated security and communication systems.
With over 100 employees, more than 200 customers, and over 5,000 completed projects, the company's technology solutions also comprise of Distributed Antenna Systems, wifi, networks, GPON, telecom and data systems.
The acquisition was completed for an upfront cash payment of NZ$7,966,035 (AU$7,384,195), funded with existing cash reserves.
A further payment for working capital adjustments based on balances at completion is payable in late June 2025, and an earnout payment based on the performance of the business for the period between completion and 31 December 2026 is also part of the deal.
In line with Austco’s acquisition model, G&S Technologies will be integrated into existing operations and key personnel will be retained.
Austco said the acquisition enables the company to engage common corporate clients who operate both in New Zealand and Australia with a unified offering, compete for larger opportunities that may be beyond the financial capacity of resellers and present a manufacturer-led solution directly to customers.
Austco also said that it will allow the company to deliver fully integrated end-to-end low-voltage technology solutions and better position the value of its software and software maintenance agreements
“With G&S Technologies’ expertise and reputation in the healthcare and security communications industry, coupled with its strong customer relationships, the acquisition will boost our competitive standing and growth opportunities for Austco Healthcare,” said Austco CEO Clayton Astles.
G&S Technologies CEO and director Michael Pope said the acquisition represents a “significant opportunity” for both the G&S team and its clients.
“This strategic move allows us to combine our expertise in delivering innovative solutions to our customers,” he said.
Austco has subsidiaries in six countries and supports healthcare facilities through its global reseller network, which includes growing markets in health, aged care and acute care.
The company services markets including Australia, New Zealand, Canada, UK, USA, Asia and the Middle East.
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