Business
Acquisition of Saxis Group Limited
SysGroup plc has acquired Saxis Group Limited for £1.25 million in cash, with a potential £0.5 million earn-out, to enhance its cybersecurity, cloud, and AI capabilities. Saxis, a specialist in enterprise storage and data protection, reported unaudited revenue of £2.1 million and normalised EBITDA of £0.5 million for the twelve months ended 29 September 2025. This acquisition, funded by existing cash resources, aligns with SysGroup's strategy to broaden its end-to-end proposition and strengthen its position in the UK mid-market, particularly with regulated customers. Disclaimer*
About this update from Sysgroup Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (as incorporated into UK law). Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n22 December 2025\nSysGroup plc\n(\"SysGroup\" or the \"Company\" or the \"Group\") Acquisition of Saxis Group Limited\n \nSysGroup plc (AIM:SYS), the trusted partner for delivering end-to-end cybersecurity, cloud and AI-enabled solutions, supporting digital transformation and cyber resilience across the UK mid-market, is pleased to announce the acquisition of the entire issued share capital of Saxis Group Limited (\"Saxis\") on a cash-free, debt-free basis from L Douglas for cash consideration of £1.25 million with a potential post completion earn-out payment of £0.5 million, subject to certain performance conditions over a two-year period, and payable in two instalments in 2026 and 2027. The acquisition has been funded from the Company's existing cash resources.\nSaxis is a UK-based specialist provider of enterprise storage, data protection and hybrid infrastructure solutions, including NetApp technologies. The acquisition is consistent with SysGroup's stated strategy of selectively enhancing its technical capability and broadening its end-to-end proposition, strengthening the Group's ability to support complex mid-market and regulated customers.\nSaxis serves a diversified, high-quality customer base across both the public and private sectors, including media, entertainment, housing and education. These customers align closely with SysGroup's ideal customer profile and create identifiable opportunities to cross sell managed services, cybersecurity and cloud solutions, whilst increasing the Group's exposure to resilient and regulated end-markets.\nFor the twelve months ended 29 September 2025, Saxis delivered unaudited revenue of approximately £2.1 million and normalised EBITDA of £0.5 million.\nHeejae Chae Executive Chairman commented:\n\"The acquisition of Saxis adds a highly complementary infrastructure technology capability that meaningfully enhances our ability to offer a complete, end-to-end solution to our customers. Saxis's long-standing customer relationships and consultative ...