Australia's SKS Technologies rises on plans to buy Delta Elcom

SKS Technologies

18/11/2025 03:54

** Shares of SKS Technologies Group SKS.AX rise as much as 6.2% to A$3.45, their highest level since November 11

** The electrical technology solutions provider to acquireDelta Elcom, a specialist in data centre infrastructure and electrical solutions based in Sydney, New South Wales

** Consideration for the acquisition will comprise a package of between A$13.75 million and A$15 million ($8.91 million and $9.72 million) depending on earnout level, SKS says

** The acquisition will accelerate SKS' market reach and penetration, and earnings growth in future years, SKS' CEO Matthew Jinks says

** YTD, stock up 82%, including the day's moves

($1 = 1.5425 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((mailto: Sherin.Sunny@thomsonreuters.com))