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Australia's largest IT company acquired

Australia's largest IT company acquired

Vijay Cugati

Major firms have advised on the acquisition of Australia-based UXC by global IT company Computer Sciences Corporation.

Firms: Allens (Computer Sciences Corporation); Herbert Smith Freehills (UXC Ltd)

Deal: Computer Sciences Corporation acquired listed IT services company UXC Ltd.

Value: $427.6 million

Area: M&A

Key players: The partners from Allens who worked on the deal were Vijay Cugati (pictured), Richard Kriedemann and Kim Reid. They were assisted by senior associate Amit Jois, associate Priyanka Nair and lawyers Kimberley Chikitch and Tyler Drayton.

Deal significance: UXC Ltd is Australia’s largest publicly owned IT services company.

CSC acquired 100 per cent of UXC via a scheme of arrangement.

The scheme implementation deed was entered into on 25 December 2015 and implemented on 26 February this year.

CSC is now one of the region’s largest IT services companies, according to a statement from Allens.

 

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