ASG wins $15m Synergy gig

Local IT company ASG Group has won a $15 million contract to provide its services to gas and electricity provider Synergy, and has flagged further possible contract wins potentially worth over $80 million.

ASG will provide base managed services to Synergy under a three-year term, with options to take the agreement through to 2021.

Chief executive Geoff Lewis said the contract win was recognition of ASG's high standard of project and managed services work that it delivered to Valve Energy prior to its merger with Synergy.

“We are pleased that we can leverage our extensive knowledge and proven track in the utility sector in Western Australia and Victoria to provide Synergy with the highest level of service and expertise,” he said.

Synergy chief information officer Alex Jones said ASG was a valued part of the company’s ICT team and had consistently delivered high-quality services.

ASG said in addition to the managed services contract, it was in exclusive negotiations for opportunities which were valued at over $80 million, and would be finalised within in the next three months.

ASG shares were 7.7 per cent higher to 83 cents a share at 9:30am.