Acquisition of Saxis Group Limited

SysGroup PLC

22 December 2025

 

The 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.

22 December 2025

SysGroup plc
("SysGroup" or the "Company" or the "Group")

Acquisition of Saxis Group Limited

SysGroup 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.

Saxis 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.

Saxis 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.

For the twelve months ended 29 September 2025, Saxis delivered unaudited revenue of approximately £2.1 million and normalised EBITDA of £0.5 million.

Heejae Chae Executive Chairman commented:

"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 approach to delivering solutions closely align with our go-to-market strategy of partnering with customers throughout their digital transformation.

This transaction is fully aligned with our stated growth strategy, organic and inorganic, and further underlines the pivot to sustainable, profitable growth that we outlined at the half-year results, combining disciplined capital allocation with the continued strengthening of the Group's core capabilities."

About us

SysGroup plc delivers a consultative, end-to-end, go-to-market, approach that blends expert advisory services with AI-driven data solutions. Our integrated capabilities, spanning cyber security, cloud hosting, data delivery, analytics, governance and connectivity, enabling customers to modernise and transform with confidence.

The Group has offices in Edinburgh, London, Manchester and Newport.

For more information, visit http://www.sysgroup.com

For further information please contact: SysGroup Plc Heejae Chae, Executive Chair Owen Philips, Chief Financial Officer	Tel: [phone]
Zeus Capital (Nominated Adviser and Broker) Jordan Warburton James Whyman Emma Burn Nick Searle	Tel: [phone]

 

END