IPD Group has announced the acquisition of Sydney-based High Technology Control (HTC), effective immediately.
A well-established electrical industry specialist, HTC’s products and services complement IPD Group’s growing portfolio and will provide all IPD Group and HTC customers with a stronger national footprint and supplier confidence.
This strategic alliance provides HTC with the support and infrastructure available at IPD Group, without changing the small business relationships or delivery of expertise that HTC customers have enjoyed over the last 35 years.
“HTC is a strong business with a substantial footprint particularly in the HVAC space, the acquisition further enhances IPD Group’s ability to offer a complete solution to our valued customers. The culture and customer centric attitude that the HTC team embraces is a great fit with the overall IPD Group business,” said Michael Sainsbury, chief executive officer, IPD Group.
HTC managing director, Ahmad Amiri, commented, “We are excited to join IPD Group and look forward to the next evolution of High Technology Control. There are many key alignments between the organisations, not only from a cultural perspective, but specifically around the quality of products and the levels of support we aspire to provide to our customers. As part of our development, we have always strived to identify and pursue initiatives that achieve growth whilst maintaining our core values and competencies. Joining IPD Group represents a natural progression of our ambitions. The breadth of services and products available within IPD Group, coupled with their commitment to their customer base, provides an ideal catalyst to build on the reputation we have forged within our markets, and it’s our customers that will take value from the benefits.” |