Spirit Telecom Limited (ASX: ST1) announced that it has acquired Trident Business Group (TBG) which it considers to be its largest and most strategically critical acquisition. It also includes the acquisition of Trident Computer Services & Neptune Managed Services.
This highly strategic move would result in the creation of new business division Trident IT solution.
Post the acquisition of TBG & Cloud Based Technology, the combined turnover of the company is expected to be ~ $60 million that would provide strong integrated sales opportunity across High Speed Data, Security Cloud & IT Services.
At AEDT 1:11 PM, ST1 shares are trading at $0.190, up 5.56% from its previous close.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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