Tuesday, 07 March 2017 16:54

Inabox buys Logic Communications in a $1.5 million deal Featured


Wholesale telecommunications and cloud services provider Inabox is to acquire Perth-based based managed IT and cloud services provider Logic Communications for $1.5 million.

Inabox (ASX:IAB) says the deal will double the number of the group’s engineers based in Western Australia and extend Inabox’s cloud capabilities on the western seaboard.

The acquisition follows last month’s announcement by Inabox of the acquisition of cloud hosting company Hostworks for $7 million.

The deal with Logic sees Inabox paying $1.5 million in cash comprising a $1 million upfront payment and $0.5 million deferred for six months to FY 2018.

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Inabox says the purchase will be funded from existing cash reserves, with Logic expected to add more than $1 million in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in FY18 after synergies.

Damian Kay, chief executive of Inabox, says “This is another acquisition that we expect to be strongly accretive in FY18, bringing with it more than an additional $1 million of EBITDA to the Inabox Group results.”

“We’re pleased to have acquired another great company, Logic Communications, with its product offering that complements Inabox’s and a strong client base which builds on our current footprint in Western Australia.

In a statement to the ASX, Inabox says it already operates a strong Perth presence, with particular focus on key vertical markets including education and health.

Kay said the acquisition expands Inabox’s footprint in Western Australia, and demonstrates Inabox’s commitment to its Perth presence and its intention to grow its national offices to leverage its national capabilities.

“The acquisition also adds 14 engineers to bolster Inabox’s resources in the State,” Kay said, adding that it expands Inabox’s presence in the Western Australia market, bringing across a Logic portfolio of 50-plus SME clients.

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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