WEBCENTRAL AND 5G NETWORKS TO MERGE

摘要

Digital technology company Webcentral has flagged $2 million in cost synergies annually as it announced it had entered into a merger with 5G Networks, which would see it acquire 100% of 5GN by way of a scheme of arrangement. Webcentral said in a statement to the ASX this morning that the merger, which it expects to drive a 20% increase in EBITDA margin as a result of operating platform consolidation, aims to diversify the business and bolster its financial portfolio as part of a broader corporate strategy for becoming an ASX300 listed company. “The combined group will be strongly positioned to grow by acquisition to complement organic growth,” the ASX statement said.