The Australian division of NEChas announced it would acquire the Technology Solutions arm of locally listed company CSG for an amount up to A$260 million, in a move which will make the Japanese technology giant a significant player in Australia’s IT services market.

CSG is a relatively new player on the Australian Stock Exchange, having listed just four years ago in April 2007, an event which cemented the fortunes of its then-managing director and chief executive Denis Mackenzie — to the extent that he was enjoying using a corporate jet for travel around Australia. Headquartered in Darwin, the company provides two main types of technology services – the first being fairly traditional business technology solutions and the second being managed print, voice and data services.

Source: Delimiter