Sword Group: Acquisitions in the UK
July 01 2024 - 1:45AM
Sword Group: Acquisitions in the UK
The Group is making strategic acquisitions of 2 companies in
ScotlandIACS, a CyberSecurity specialist based in
AberdeenAAA, an Aberdeen-based company specialising in
Artificial Intelligence
IACS, is a micro-company based in Aberdeen and specialising in
the digital security of industrial process control networks. It has
developed expertise applicable to all the sectors covered by Sword
to date in terms of CyberSecurity.
The company’s revenue trend is €2.9 M per year and its EBITDA
margin is 20%.
The organic growth rate for IACS, once integrated into Sword, is
budgeted at 15% per year.
This company will be consolidated in the Group’s accounts with
effect from 1 July 2024.
AAA, a recruitment and staffing company based in Aberdeen,
Scotland, was partially sold on 1 June 2023. AAA has restructured
its offering around Artificial Intelligence using tools developed
by Sword. The Group has therefore decided to acquire this company
on 2 April 2024.
This company has a revenue trend of €8 M per year and an EBITDA
margin of 2%.
With the integration of Sword’s Artificial Intelligence
products, the EBITDA margin target for 2025 has been raised to 9%,
then 12% in 2026.
These 2 acquisitions will boost our expansion in the fields of
Artificial Intelligence and Cyber Security.
Agenda18/07/242024 Second Quarter
Revenue11/09/24Financial Meeting for the 1st
half of 2024
About Sword Group
Sword has 3,000+ IT/Digital specialists active in 50+ countries
to accompany you in the growth of your organisation in the digital
age.
As a leader in technological and digital transformation, Sword
has a solid reputation in complex IT & business project
management.
Sword optimises your processes and enhances your data.
CONTACT: investorrelations@sword-group.lu
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