Vertech Group acquires majority stake in APS

Vertech Group announced the majority acquisition of APS, a Victorian-based industrial services provider with a forecasted turnover of $70m and 240 employees, to expand into infrastructure and power generation sectors in Australia.

“This deal was integral to Vertech Group's strategy to enter new vertical markets across Australia, particularly the infrastructure and power generation sectors.”vertechgroup.com.au

• 2 sources
• vertechgroup.com.auWelcoming Infrastructure Company APS to the Group | VertechDeveloperJan 28, 2021
• apsystems.net.auVertech Welcomes Victorian Infrastructure Company APS to the Group | APS IndustrialDeveloperJan 28, 2021

Summarized from public sources; check the original articles before acting on it.