ASG acquires Progess Pacific for $12m
IT services provider ASG Group has purchased Sydney and Melbourne-based SAP Services provider Progress Pacific in a $12 million cash and scrip deal.
In a statement to the Australian Securities Exchange ASG said Progress Pacific has a blue chip client base including Broadcast Australia, Device Technologies, Fresenius Medical Care, George Weston Foods, IAG, ING, Kimberly-Clark, Pepsico and Smiths.
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BETA
ASG Group (ASZ)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 83rd | Tox Free Solutions | 20% | 1% |
| 150th | Cedar Woods Properties | -5% | -3% |
| 157th | ASG Group | -8% | -6% |
| 298th | OTOC | -34% | 0% |
| 434th | GR Engineering Services | -52% | 0% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Geoff Lewis | 14,418,800 | ||
| Ronald Baxter | 1,015,260 | ||
| Trevor O'Hoy | 120,000 | ||
| Dean Langenbach | 200 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 33rd |  | Tox Free Solutions | $209.2m |
| 34th | | Cedar Woods Properties | $172.3m |
| 35th |  | ASG Group | $157.9m |
| 36th | | OTOC | $155.6m |
| 37th |  | GR Engineering Services | $155.0m |
166 WA listed industrial companies ranked by revenue
Remuneration from ASG Group
| 73rd | Geoff Lewis | $1.167m |
| 370th | Dean Langenbach | $462k |
| 389th | Gerald Strautins | $447k |
Ranked by total remuneration from all listed WA companies
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