# 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.

- Type: Acquisition
- Announced: 2021-01-28
- Where: Victoria, Australia
- Value: $54.0M (70.0M AUD)
- Jobs: 240
- Status: announced
- Products: industrial services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [APS Holdings](https://endata.com/companies/5375.md) (target)
- [Vertech Group](https://endata.com/companies/52864.md) (acquirer)

## Sources

- [vertechgroup.com.au](https://www.vertechgroup.com.au/news/vertech-welcomes-victorian-infrastructure-company-aps-to-the-group/), 2021-01-28: "This deal was integral to Vertech Group's strategy to enter new vertical markets across Australia, particularly the infrastructure and power generation sectors."
- [apsystems.net.au](https://apsystems.net.au/news/vertech-welcomes-victorian-infrastructure-company-aps-to-the-group/), 2021-01-28: "Vertech Group is proud to announce the majority acquisition of APS, a Victorian-based industrial services provider."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.