Convergint, a global leader in service-based systems integration, has announced that it has agreed to acquire Peace of Mind Technology (POMT), a Sydney-based provider of audio-visual, workspace and communications technology solutions.
The deal will mark Convergint’s entry into the Australian audio-visual (AV) market and will expand its vertical expertise and service capabilities in the Asia-Pacific region.
POMT, founded in 1996, offers innovative AV and workspace design, strategy and technology solutions to customers across Australia. The company’s solutions create a seamless and unrivalled experience for the modern workplace. Convergint will partner with POMT to offer its customers a truly global solution for their AV needs, leveraging its existing security and unified communication solutions.
The deal will also bring over 130 colleagues to Convergint and strengthen its relationship with Esro Food Group, a global meat processing company that owns a stake in POMT. Convergint will provide lending facilities for a combined €15 million to fund capital expenditure for two petfood ingredient processing plants in Europe.
Convergint’s CEO for Asia-Pacific, Tony Wang, said that he is thrilled to welcome POMT to Convergint and that POMT’s dedication to service aligns perfectly with Convergint’s commitment to being its customers’ best service provider. He also said that POMT’s outstanding expertise will help Convergint benefit more customers in new corners in Australia and across Asia.
POMT’s founder and CEO, Jason Levine, said that he is delighted to join forces with Convergint and that integrating security, AV and workplace technologies will create even more value for their clients. He also said that Convergint’s unique and empowered culture aligns perfectly with POMT’s culture, values and beliefs.
The transaction is subject to customary closing conditions.
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