Exclusive Networks announces that it has signed an agreement to acquire 100% of the share capital of Nextgen Group, a specialist in cybersecurity, data resiliency and digital enterprise solutions in Australia and New Zealand, with a presence in the Asia-Pacific region.

Based in Sydney, Nextgen has 190 employees and generated gross sales of AUD 266 million (€160 million) in the year to June 2023, with double-digit growth expected in the coming years.

This transaction is perfectly in line with Exclusive Networks' external growth strategy. Closing of the transaction is subject to the usual conditions precedent, and is expected to take place in the second quarter of 2024.

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