Australian Digital services company Arq today announced its acquisition of fellow technology consultancy Diaxion.
Arq says the deal creates it the “only Australian full-service tech, data and digital consultancy” and will give it a stronger foothold in Canberra where Diaxion has several government clients. No Diaxion employees will be made redundant because of the acquisition, according to the new owners.
Arq has existed for more than 25 years and enjoyed rapid expansion last year as clients across the country accelerated digital initiatives. The company says it added 150 new employees in 2020 and identified Diaxion – used by several state and federal government agencies and several ASX200 companies – as a way of feeling further growth.
“ARQ Group can now offer its customers in-house advisory capabilities and bolster our professional services by leveraging Diaxion’s team of industry leading experts,” said ARQ Group CEO Tristan Sternson.
“As an Australian owned and operated business, we are now able to deliver better, more targeted results for our clients. This gives us an edge when competing against big multinationals who are only concerned about contract size and how much of it they can capture.
“After successfully winning numerous government tenders and projects with a range of federal agencies, we were keen to strengthen ARQ Group’s footprint into Canberra. Diaxion’s extensive experience working with federal departments, along with our existing Canberra offices, will provide ARQ Group with the opportunity to offer a wider suite of services to public sector agencies.
“Importantly, there will be no redundancies from the acquisition and we’re excited to welcome the entire Diaxion team into the growing ARQ Group family,” Sternson said.
Diaxion Founder Tony Wilkinson will now head Advisory at ARQ Group, today welcoming the deal.
“We are pleased to unite with ARQ Group who have been pushing the envelope of innovation with some of Australia’s biggest brands for the past 25 years. By joining forces, we can scale up our offering and continue to be industry trailblazers, showing the world that Australian-owned and operated businesses can deliver even better results than large multinational technology consultancies.
“I’m incredibly proud of what Diaxion has achieved over the last 20 years, and this acquisition is the natural next step for the business to offer our clients a full service of advisory to implementation all under one roof.
“I speak for all of my colleagues when I say we’re genuinely excited about the new opportunities available within the expanded ARQ Group, and look forward to 2021 being our biggest ever,” Wilkinson said.