After careful consideration and planning, we have reached an agreement to sell the business to Austco Healthcare. There will be no change to our brand as such we will continue to trade as Teknocorp.
While this change represents a significant transition, we want to assure our customers and suppliers that our commitment to providing exceptional service and high-quality products remains unwavering. Our dedication to meeting your needs and exceeding your expectations will continue to be our top priority.
Please rest assured that all existing contracts, agreements and orders with our customers will be serviced by the same team as all staff continue under the new ownership. Your contact person within Teknocorp remains unchanged. We value the trust and confidence you have placed in us, and we are committed to making this transition as seamless as possible for you.
From today, operations will be operating under Austco Services Pty Ltd, trading as Teknocorp. Should you have any questions or require further information regarding this change in ownership, please do not hesitate to reach out to us. Thank you for your understanding and continued trust in us.
Please find the full text of our notices to customers and suppliers.
Why this makes sense, for Teknocorp and for Austco
Austco Healthcare (ASX:AHC) is an international provider of healthcare communication solutions, including nurse call systems, mobile communications, RTLS solutions, and clinical workflow. Teknocorp has sold and maintained Austco products for over 20 years. Our two companies have always enjoyed a close and productive relationship.
The acquisition of Teknocorp supports Austco’s strategy of strengthening its direct sales capability, accelerating growth and enhancing its range of solutions to better meet the needs of the Australian healthcare market. The acquisition firmly indicates Austco’s commitment to grow its Australian market share and positions the remaining Austco reseller network to benefit considerably from increased market penetration.
The acquisition allows us to:
- engage national corporate clients who operate beyond a single reseller’s geographic jurisdiction
- pursue and win larger opportunities that may be beyond the financial capacity of a smaller company
- provide a comprehensive and fully integrated low-voltage solution for our customers
- better position the value of our software and software management agreements
We are excited to join forces with Austco Healthcare through this acquisition, which represents a significant opportunity for our team and our clients. This strategic move allows us to combine our expertise in delivering innovative solutions to our customers. We are grateful for the trust our clients have placed in us over the years and want to assure them that this acquisition will only enhance the value we provide. I want to express my appreciation to our dedicated team, whose hard work and dedication have made this acquisition possible.– Robert Portelli, CEO and Director of Teknocorp
We are thrilled to announce the successful acquisition of Teknocorp, which marks another step in Austco’s continued growth and commitment to delivering exceptional value to our customers. I want to extend my gratitude to our dedicated employees, partners, and stakeholders who have contributed to the success of this acquisition. We are excited about the possibilities ahead and are confident that this strategic move will strengthen our position in the market and enable us to better serve our customers.– Clayton Astles, CEO of Austco Healthcare