ASG Group acquires Group 10 Consulting

Maria Nikolova

The deal is a chance for ASG, which is a part of Nomura Research Institute, to further expand its Australian footprint.

ASG Group, a part of Japanese-based consulting and IT solutions group Nomura Research Institute Ltd (TYO:4307) has announced the acquisition of Canberra professional services firm Group 10 Consulting.

The acquisition follows the purchase five months ago of specialist consultancy 1ICT, in line with ASG’s strategy to grow its Australian business through a combination of organic expansion and acquisitions.

The Chief Executive Officer of ASG, Dean Langenbach, said Group 10 was a leading ICT consultancy firm in Canberra, with a significant portfolio of public sector clients. Mr Langenbach explained the deal would give ASG with additional capabilities, including the ability to provide clients with ICT asset management through Group 10 Consulting, as well as increasing ASG’s visibility in the national capital.

Under the terms of the acquisition, Group 10, which was founded in 2013 and employs more than 80 staff, will continue to operate under its brand, specialising in customised solutions to clients in the ACT.

The two co-founders, Cosimo Garreffa and Jennifer Nelson, will remain at the helm of the local team.

Mr Garreffa said: “After 7 years of building up a specialist and innovative professional services firm, we are delighted to join forces with ASG Group to provide our clients with an even more dynamic suite of solutions and services.

Ms Nelson added: “We have grown substantially in the past few years and therefore, we feel the time is right to expand our business offering even further by being part of Australia’s genuine alternative to the global IT consulting players.”

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