HKBN completed the acquisition of JOS from Jardine Pacific for $50m.

HKBN, an investment holding company, completed the acquisition JOS, a system integrator, IT solutions provider and technology consultant in Asia, from Jardine Pacific for $50m. The proposed acquisition of JOS will reinforce HKBN's position in the system integration and connectivity space, expanding its presence in the enterprise solutions market post-integration with WTT. This transaction will also provide substantial value creation opportunities through revenue synergies from scale efficiencies and cross-selling to both entities' broad customer bases. "We are excited to bring JOS's leading ICT capabilities and a wide range of next generation technology, business applications and system integration expertise to our 103,000 enterprise customers," Billy Yeung, HKBN Co-Owner and CEO.