SKS Technologies Group (ASX:SKS) has executed a formal sale agreement to acquire the business and assets of Delta Elcom, as previously announced on Nov. 18, with settlement expected on Jan. 12, 2026.
The acquisition is aimed at accelerating SKS Technologies' expansion in the NSW data centre market while strengthening its presence across traditional sectors.
Delta Elcom generates annual revenue of approximately $25 million and brings specialist electrical and communications capabilities that closely align with SKS Technologies’ operations.
Consideration for the transaction is expected to be between $13.8 million and $15 million, subject to earnout performance, comprising an $11.8 million completion payment, the issue of $2 million in fully paid ordinary SKS Technologies shares on completion, and an earnout of up to $1.3 million linked to the 2026 calendar year.