HUB Technology Solutions Acquires Synchena's IT Division to Expand Services
Deal News | Feb 19, 2025 | Globenewswire
HUB Technology Solutions Ltd., a leading managed IT service provider based in Manitoba, has acquired the IT division of Synchena Consulting Inc. This acquisition is strategic for HUB, augmenting its capabilities in managed IT services, cybersecurity, cloud computing, and strategic consulting. The synergy between HUB's comprehensive service palette and Synchena's specialized knowledge promises to enhance client support and value delivery. The deal is pivotal in advancing HUB's growth strategy and strengthening its position as a key technology partner for businesses and municipalities in Manitoba. Synchena Consulting can now intensify focus on their core Geographic Information Systems (GIS) services while ensuring a seamless transition for IT clients to HUB's stewardship. This deal exemplifies HUB's dedication to growth via strategic acquisitions and partnerships.
Sectors
- Information Technology Services
- Geographic Information Systems (GIS)
Geography
- Manitoba – Both HUB Technology Solutions and Synchena Consulting are based in Manitoba, making it the primary geographical focus of the acquisition.
- Canada – The companies involved are based in Canada, making it relevant as the national context for this business transaction.
Industry
- Information Technology Services – The acquisition directly involves the IT services sector, with HUB Technology Solutions expanding its managed IT and related services.
- Geographic Information Systems (GIS) – Synchena Consulting specializes in GIS, part of which impacts the deal as they refocus on this core service after selling their IT division.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HUB Technology Solutions Ltd. | Buyer | Company | A leading provider of managed IT services and technology solutions in Manitoba. |
| Synchena Consulting Inc. | Selling Company | Company | A professional consulting firm specializing in Geographic Information Systems (GIS) and IT services. |
| Troy McLennan | President & CEO | Person | The President & CEO of HUB Technology Solutions, involved in commenting on the acquisition. |
| Justin Synchena | President | Person | The President of Synchena Consulting, provided commentary on the acquisition's strategic fit. |