Synergy Group completes POSTech acquisition

SYDNEY, AUSTRALIA: Synergy Group Limited (ASX: IS3) has completed the acquisition of 100% of the shares in POSTech International Pty Ltd.

Commenting on the acquisition, Managing Director, Dato’ Lawrence Teo said: “We’re pleased to have completed the acquisition of POSTech, and we look forward to welcoming its employees, integrating its operations and serving its customers”.

Moreover, Mr Kevin Coutinho has been appointed as Chief Technical Officer of Synergy Group.

Commenting on the appointment, Managing Director, Dato’ Lawrence Teo said: “Kevin has an ideal skill-set to be a critical part of the Company’s leadership team going forward, in particular including his technical background, management capability, strategic thinking and youthful energy. We look forward to having Kevin on board.”

Mr Kevin Coutinho commented: “I am proud and enthusiastic to be joining the strong I Synergy team, and I am committed to helping lead the Company and strengthen what they have built, as well as integrating the POSTech business.”