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Hong Kong's HKBN Boosts System Integration Capabilities with Acquisition of JOS

Hong Kong's HKBN Boosts System Integration Capabilities with Acquisition of JOS

Hong Kong's HKBN announced that has agreed to purchase JTH's entire equity interest in Jardine OneSolution (JOS) and its subsidiaries, Adura Hong Kong and Adura Cyber Security, for US$50 million.

HKBN is Hong Kong's second largest provider of residential high speed fibre broadband service, and a fast-growing enterprise solutions provider. JOS, as a leading system integrator, IT solutions provider and technology consultant in Asia, is highly complementary to HKBN business. The proposed acquisition of JOS will reinforce HKBN's position in the system integration and connectivity space, expanding its presence in the enterprise solutions market post-integration with WTT.

This transaction will also provide substantial value creation opportunities through revenue synergies from scale efficiencies and cross-selling to both entities' broad customer bases.

JOS has over 60 years of history and over 2,000 technology professionals across Asia, of whom 1,100 are in Hong Kong. JOS offers leading expertise in IT infrastructure and network services, as well as digital and security solutions, enabling over 10,000 customers from the public and private sectors to take advantage of the latest information and communication technologies.

Eric Van der Hoeven, Chief Executive of JTH Group
Based on the recent success and growth path of JOS and Adura, we believe this is the right time for these two businesses to become part of a technology-focused organisation with strong expertise and relationships in the technology services sector.

Billy Yeung, Co-owner and CEO, Enterprise Solutions
Since the completion of our WTT combination on 30 April 2019, we have met with around 100 of our top enterprise customers to learn about their opportunities and pain points. By a mile, the most common desire was for a one-stop-shop ICT solutions partner, rather than separate IT, telecom and other vendors.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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